Saved 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 Notes Payable $ 51,000 28,800 100,900 86,000 147,000 0 142,700 10,700 30,100 17,800 29,500 Office Expense 14,900 Prepaid Rent 7,600 Retained Earnings (beginning) 9,300 Salaries and Wages Expense 36,300 Service Revenue 149,800 Utilities Expense 25,700 Salaries and Wages Payable 14,000 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 $ 27,000 30,500 11,600 58,400 90,400 149,000 Required: 1. Prepare an income statement for 2021. NICE BITE, Incorporated Income Statement