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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 $ 52,000 29,800 104,400 89,000 148,000 143,700 10,800 30, 200 17,900 29,700 Office Expense 15,000 Prepaid Rent 7,700 Retained Earnings (beginning) 9,800 Salaries and Wages Expense 36,400 Service Revenue 151,800 Utilities Expense Salaries and Wages Payable 25,800 15,000 Inventory Notes Payable Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock $ 28,000 31.700 Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense 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 2. Prepare a statement of retained earnings for 2021. NICE BITE, Incorporated Statement of Retained Earnings For the Year Ended December 31, 2021 Retained Earnings, January 1, 2021 Add: Net Income Retained Earnings, December 31, 2021 9,800 36,400 151,800 25,800 15,000 $ 28,000 31,700 11,700 59,400 91,600 151,000 & 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 $ 52,000 29,800 104,400 89,000 148,000 0 143,700 10,800 30,200 17,900 29,700 Office Expense 15,000 Prepaid Rent 7,700 Retained Earnings (beginning) 9,800 Salaries and Wages Expense 36,400 Service Revenue 151,800 Utilities Expense Salaries and Wages Payable 25,800 15,000 Inventory Notes 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 $ 28,000 31,700 11,700 59,400 91,600 151,000 3. Prepare a balance sheet for 2021. NICE BITE, Incorporated Balance Sheet $ 0 Required information NICE BITE, Incorporated Statement of Cash Flows Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities
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