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

Required

Prepare the four basic financial statements for 2016.

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$ 45,000 $ 17,200 Accounts Payable Inventory Notes Payable Office Expense Accounts Receivable 22,800 23,600 Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) 103,500 14,300 7,000 102,800 Prepaid Rent Retained Earnings (beginning) 180,500 Common Stock 6,300 Dividends Salaries and Wages Expenses 35,700 Equipment Income Tax Expense Interest Expense 136,700 Service Revenue 137,800 Utilities Expense 10,100 25,100 29,500 Wages Payable 8,000 Other cash flow information: $ 21,000 Cash from issuing common stock Cash paid to reacquire common stock 23,500 11,000 Cash paid for income taxes Cash paid to purchase long-term assets 41,000 Cash paid to suppliers and employees 83,200 Cash received from customers 137,000