sabiediet - Chapters 1-3 The following information for the year ended December 31, 2016, was reported by Nice Bre, Inc $ 50,00 27.300 108,400 94,000 157,500 Accounts Payable Accounts Receivable Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) Common Stock Dividendo 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 141,200 10,600 30,000 17,700 28,888 7.500 14,8ee 8,800 36,200 147,800 25,600 13.ee 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 $ 26,000 29,380 11,500 57,480 89,200 147,000 Prepare a statement of retained earnings for 2016. NICE BITE, INC. Statement of Retained Earnings ned Earnings, January 1, 2016 med Earnings, Decemeber 31, 2016 $ 0 co Cash paid to suppliers and employees Cash received from customers 19.200 147,000 3. Prepare a balance sheet for 2016. 0 0 0 $ 0