Assume that you are the controller of Nuclear Company Al December 31, 2020 the end of the first year of operations, the following financial data for the company are available $125900 12.00 SO 900 25.900 Cash Accounts Receivable wentory Equipment Accounts Payables Salary payable for 2020 (on December 31, 2020, this was owed to employee, but the paid until January 10, 2021) Total sales revenue Total Expenses(excluding income taxes) Income fare expense (130% of protax earnings): all paid ourng 2020 Common shares, 7900 shares outstanding 51390 12.450 49.000 79000 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 2. Prepare a statement of changes in equity for the year ended December 31, 2020, NUCLEAR COMPANY Statement of Shareholders' Equity For the Year Ended December 31, 2020 Common Shares Retained eamings . Prepare a statement of financial position at December 31, 2020 20 NUCLEAR COMPANY Statement of Financial Position As at December 31, 2020 Total assets Liabilities and Shareholders' Equity Liabilities: Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity Type here to search