Required information (The following information applies to the questions displayed below.] The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. Accounts Payable Accounts Receivable Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable $ 63,000 40,800 140,900 120,000 147,000 o 154,700 11,900 31,300 19,000 41,900 8,800 16,100 15,300 37,500 173,800 26,900 26,000 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 $ 39,000 44,900 12,800 70,400 104,800 173,000 4. Prepare a statement of cash flows for 2016. (Cash outflows should be entered as negative amounts.) NICE BITE, INC. Statement of Cash Flows Cash Flows from Operating Activities Cash Received From Customers Cash Paid to Suppliers and Employees Cash Paid for Income Taxes 0 Cash Provided by Operating Activities Cash Flows from Investing Activities Cash Paid to Purchase Long-Term Assets 0 Cash Used in Investing Activities Cash Flows from Financing Activities Cash from Issuing Common Stock 0 $ 0