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Assume that you are the controller of Nuclear Company. At December 31, 2020, the end of the first year of operations, the following financial data for the company are available: Cash $ 26,980 Accounts Receivable 13.980 Inventory Equipment 91,900 46,909 Accounts Payables 50, 690 Salary payable for 2020 (on December 31, 2020, this ins owed to an employee, but the amount was not paid until January 10, 2021) 2, 950 Total sales revenue 159, 080 Total Expenses (excluding income taxes) 106, 200 Income taxes expense (at 30% of pretax earnings ); all paid during 2024 Common shares, 8, 900 shares outstanding 89,080 No dividends were declared or paid during 2020, Required: 1. Prepare an income statement for the year ended December 31, 2020. NUCLEAR COMPANY Income Statement For the Year Ended December 31, 2020