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Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO...

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Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] [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. counts Payable ccounts Receivable $ 45,000 22,800 03,500 102,800 180,500 balance on January 1, 2016) h (balance on December 31, 2016) 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 136, 700 10,100 29,500 17,200 23,600 7,000 14,300 6,300 137,800 25,100 8,000 Utilities Expense Salaries and Wages Payable Other cash flow information: s21,000 23,500 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 41,000 83,200 137,000

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