Question
Required information [The following information applies to the questions displayed below.] The following information for the year ended December 31, 2021, was reported by
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) $ 46,000 23,800 90,400 Cash (balance on December 31, 2021) 78,000 Common Stock 152,500 Dividends 0 Equipment 137,700 Income Tax Expense 10,200 Interest Expense 29,600 Inventory 17,300 Notes Payable 25,000 Office Expense 14,400 Prepaid Rent 7,100 Retained Earnings (beginning) 6,800 Salaries and Wages Expense 35,800 Service Revenue 139,800 Utilities Expense 25,200 Salaries and Wages Payable 9,000 Other cash flow information: Cash from issuing common stock $ 22,000 Cash paid to reacquire common stock Cash paid for income taxes 24,500 11,100 Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers 53,400 84,400 139,000 4. Prepare a statement of cash flows for 2021. (Cash outflows should be entered as negative amounts.) NICE BITE, Incorporated Statement of Cash Flows Cash Flows from Operating Activities $ 0 Cash Flows from Investing Activities Cash Flows from Financing Activities 0 0 $ 0
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