Prepare a statement of cash flows for 2021. 4. Prepare a statement of cash flows for 2021. (Cash outflows should be entered as negative amounts.)NICE BITE, IncorporatedStatement of Cash FlowsFor the Year Ended December 31, 2021Cash Flows from Operating ActivitiesCash Received From Customers$139,000Cash Paid to Suppliers and Employees84,400Cash Paid for Income Taxes11,100Cash Provided by Operating Activities$234,500Cash Flows from Investing ActivitiesCash Paid to Purchase Long-Term Assets(53,400)(24,500)Cash Used in Investing Activities(77,900)Cash Flows from Financing ActivitiesCash from Issuing Common Stock22,000Cash Paid to Reacquire Common Stock22,000Decrease in Cash$(12,400)Cash at January 1, 202190,400Cash at December 31, 2021$78,000 !Required information[The following information applies to the questions displayed below.]The following information for the year ended December 31, 2021, was reported by Nice Bite, IncorporatedAccounts Payable$ 46,000Accounts Receivable23,80090,40078,000152,500Cash (balance on January 1, 2021)Cash (balance on December 31, 2021)Common StockDividendsEquipmentIncome Tax Expense137,70010,200Interest Expense29,600InventoryNotes PayableOffice Expense17,30025,00014,4007,100Prepaid RentRetained Earnings (beginning)Salaries and Wages Expense6,80035,800Service Revenue139,80025,2009,000Utilities ExpenseSalaries and Wages PayableOther cash flow information:$ 22,00024,50011,10053,40084,400139,000Cash from issuing common stockCash paid to reacquire common stockCash paid for income taxesCash paid to purchase long-term assetsCash paid to suppliers and employeesCash received from customers

The question is based on the concept of Cashflow statement.

Answered: еpare TIows To NICE BITE, Incorporated…

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 48P

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