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 $ 25,500 91.500 46.500 53.570 Cash Accounts Receivable Inventory Equipment Accounts Payables Salary payable for 2020 on December 31, 2020, this was owed to an employee, but the amount was not palid until January 10, 2021) Total sales revenue Total Expenses excluding income taxes) Income taxes expenset 30% of protax earnings), all paid during 2020 Common shares, 8.500 shares outstanding 155 000 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 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 $ 25,500 91.500 46.500 53.570 Cash Accounts Receivable Inventory Equipment Accounts Payables Salary payable for 2020 on December 31, 2020, this was owed to an employee, but the amount was not palid until January 10, 2021) Total sales revenue Total Expenses excluding income taxes) Income taxes expenne(t 30% of protax earnings), all paid during 2020 Common shares 8.500 shares outstanding 155 000 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