[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	$	65,000
Accounts Receivable		42,800
Cash (balance on January 1, 2016)		145,900
Cash (balance on December 31, 2016)		124,000
Common Stock		145,000
Dividends		0
Equipment		156,700
Income Tax Expense		12,100
Interest Expense		31,500
Inventory		19,200
Notes Payable		44,300
Prepaid Rent		9,000
Office Expense		16,300
Retained Earnings (beginning)		16,300
Salaries and Wages Expense		37,700
Service Revenue		177,800
Utilities Expense		27,100
Salaries and Wages Payable		28,000

Other cash flow information:
Cash from issuing common stock	$	41,000
Cash paid to reacquire common stock		47,300
Cash paid for income taxes		13,000
Cash paid to purchase long-term assets		72,400
Cash paid to suppliers and employees		107,200
Cash received from customers		177,000

Required:

1. Prepare an income statement for 2016.

2. Prepare a statement of retained earnings for 2016.

3. Prepare a balance sheet for 2016.

4. Prepare a statement of cash flows for 2016. (Cash outflows should be entered as negative amounts.)