The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc.

$ 63,000 48,88e 148,980 128,880 147,800 Accounts Payable Accounts Receivable Cash (balance on January 1, 2816) Cash (balance on December 31, 2816) 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 154, 780 11,980 31,388 19,800 41,98e 8,88e 16, 188 15, 38e 37,58e 173,88e 26,980 26,880 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 $39,8 44,90 12,88 70,486 184,88 173,8ee 2. Prepare a statement of retalned earnings for 2016 NICE BITE, INC. Statement of Retained Earnings For the Year Ended December 31, 2016 Retained Earnings, January 1, 2016 Add: Net Income Retained Earnings , Decemeber 31, 2016 3. Prepare a balance sheet for 2016. NICE BITE, INC Balance Sheet For the Year Ended December 31, 2016 Assets :Cash 4. Prepare a statement of cash flows for 2016. (Cash outflows should be entered as negatlve amount NICE BITE, INC Statement of Cash Flows Cash Flows from Operating Activities ash Received From Customers Cash Flows from Investing Activities Cash Flows from Financing Activities Required 1-a. What amount of total assets have been financed by the creditors and by the stockholders? Answer is complete but not entirely correct. Financed by Creditors S 115,900 Financed by Stockholders S 190,400 2- a. What Is the amount of retained earnings as of December 31, 2016? Retained earnings as of December3