7 & 2 Homework Saved Help Sa Required information (The following information applies to the questions displayed below) The following information for the year ended December 31, 2021 was reported by Nice Bite, Incorporated Accounts Payable $ 59,000 Accounts Receivable 36,800 Cash (balance on January 1, 2021) 116,900 Cash (balance on December 31, 2021) 99.000 Common Stock 135,500 Dividende 0 Equipment 150,700 Income Tax Expense 11,500 Interest Expense 30,900 Inventory 18,600 Notes Payable 37,600 of Expense 15,700 Prepaid Rent 0.400 Retained tanning beginning 13,300 salaries and Wages Expense 37.100 Service Revenue 165,000 Utilities Expense 26,500 salaries and Wages Payable 22,000 Other cash flow Information! Cash from issuing common stock $ 35,000 Canh paid to resoquire common stock 40,100 Cach paid for income taxes 12,400 Cash paid to purchase long term asta 66,400 Cash paid to suppliers and employees 100,000 Cash received from customers 165,000 2-a. What is the amount of retained earnings as of December 31, 2021? 2-b. Did the retained earnings at December 31, 2021, arise primarily from current year earnings or earnings retained from prior years? 2-c. What is your information source? Carnahieran hantavin Reinahe hala