prepare an income statment

Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] The following information applies to the questions displayed below) The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. $ 53,000 30,800 108,900 93,000 149,000 Accounts Payable Accounts Receivable Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable 144,700 10,900 30,300 18,000 38,900 7,800 15,100 10,300 36,500 153,800 25,900 16,000 Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers $ 29,000 32,900 11,880 60,400 92,800 153, eee PA1-3 Part 1 Required: 1. Prepare an income statement for 2016