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Required information [The following information applies to the questions displayed below.] The following information for the year ended December 31, 2021, was reported by Nice
Required information [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 Accounts Receivable Cash (balance on January 1, 2021) Cash (balance on December 31, 2021) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable $ 57,000 34,800 113,900 96,000 140,000 0 148,700 11,300 30,700 18,400 35,700 Office Expense 15,500 Prepaid Rent 8,200 Retained Earnings (beginning) 12,300 Salaries and Wages Expense 36,900 Service Revenue 161,800 Utilities Expense 26,300 20,000 Salaries and Wages Payable 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 $ 33,000 37,700 12,200 64,400 97,600 161,000 NICE BITE, Incorporated Balance Sheet At December 31, 2021 Assets Liabilities $ 0 0 Stockholders' Equity $ 0 0
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