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 $ 48,000 25,800 99,400 86,000 155,000 139,700 10,400 29,800 17,500 26,900 office Expense 14,600 Prepaid Rent 7,300 Retained Earnings (beginning) 7,800 Salaries and Wages Expense 36,000 Service Revenue 143,800 Utilities Expense 25,400 11,000 Salaries and Wages Payable 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 $ 24,000 26,900 11,300 55,400 86,800 143,000 Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C What is the amount of retained earnings as of December 31, 2021? ces Retained earnings as of December 31, 2021 Did the retained earnings at December 31, 2021, arise primarily from current year earnings or earnings retained from prior years? Arise primarily from current year earnings. OEarings retained from prior years. OApproximately equal amounts of both What is your information source? O Income Statement OStatement of Retained Earnings Balance Sheet Statement of Cash Flows