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 $ 48,000 25,800 99,400 86,000 155,000 8 139,700 10,400 29,800 17,500 Notes Payable 26,900 Office Expense 14,600 Prepaid Rent 7,300 Retained Earnings (beginning) Salaries and 7,800 Wages Expense 36,000 Service Revenue Utilities Expense 143,800 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-a. What is the amount of retained earnings as of December 31, 2021? 2-b. Did the retained earnings at December 31, 2021, arise primarily from current year earnings or earnings retained from prior 2-c. What is your information source? 25,400 11,000 $ 24,000 26,900 11,300 55,400 86,800 143,000 Ch