Preparing a balance sheet given financial info.

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 $ 48,000 25,800 99,400 86,000 155,000 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 Office Expense Prepaid Rent Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable 139,700 10,400 29,800 17,500 26,900 14,680 7.300 7.300 36,000 143,800 25,400 11,000 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 3. Prepare a balance sheet for 2021 3. Prepare a balance sheet for 2021. Balance Sliem For the Year Ended December 31, 2021 Current Assets Cash Accounts Receivable Inventory Prepaid Rent Equipment Total Assets