The following information for the year ended December 31, 2021, was reported by Nice Bite, Incorporated Accounts Payable $ 45,000 Accounts Receivable 22,800 Cash (balance on January 1, 2021) 103,500 Cash (balance on December 31, 2021) 102,800 Common Stock 180,500 Dividends 0 Equipment 136,700 Income Tax Expense 10,100 Interest Expense 29,500 Inventory 17,200 Notes Payable 23,600 Office Expense 14,300 Prepaid Rent 7,000 Retained Earnings (beginning) 6,300 Salaries and Wages Expense 35,700 Service Revenue 137,800 Utilities Expense 25,100 Salaries and Wages Payable 8,000 Other cash flow information: Cash from issuing common stock $ 21,000 Cash paid to reacquire common stock 23,500