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Requlred Information

TThe following information applies to the questions displayed below.$]$

The following information for the year ended December $31,2021,$ was reported by Nice Bite. Incorporated

$\backslash$table$[[,],[$Accounts Payable,$64,000],[$Accounts Receivable,$41,800],[$Cash $($balance on January $1,2021),140,400],[$Cash $($balance on December $31,2021),119,000],[$Common Stock,$143,500],[$Dividends$,0],[$Equipment$,155,790],[$Income Tax Expense,$12,000],[$Interest Expense,$31,400],[$Inventory$,19,100],[$Notes Payable,$42,600],[$Office Expense,$16,200],[$Prepaid Rent,$8,900],[$Retained Earnings $($beginning$),15,800],[$Salaries and Wages Expense,$37,600],[$Service Revenue,$175,800],[$Utilities Expense,$27,000],[$Salaries and Wages Payable,$27,000]]$

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

$$40,000$

$46,100$

$12,900$

$71,400$

$106,000$

$175,000$

$3.$ Prepare a balance sheet for $2021.$