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Required information Skip to question [ The following information applies to the questions displayed below. ] The following information for the year ended December 3

Required information
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[The following information applies to the questions displayed below.]
The following information for the year ended December 31,2021, was reported by Nice Bite, Incorporated
Accounts Payable $ 51,000
Accounts Receivable 28,800
Cash (balance on January 1,2021)100,900
Cash (balance on December 31,2021)86,000
Common Stock 147,000
Dividends 0
Equipment 142,700
Income Tax Expense 10,700
Interest Expense 30,100
Inventory 17,800
Notes Payable 29,500
Office Expense 14,900
Prepaid Rent 7,600
Retained Earnings (beginning)9,300
Salaries and Wages Expense 36,300
Service Revenue 149,800
Utilities Expense 25,700
Salaries and Wages Payable 14,000
Other cash flow information:
Cash from issuing common stock $ 27,000
Cash paid to reacquire common stock 30,500
Cash paid for income taxes 11,600
Cash paid to purchase long-term assets 58,400
Cash paid to suppliers and employees 90,400
Cash received from customers 149,000
Required:
Prepare an income statement for 2021.

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