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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
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: $ 26,200 13,200 91,200 46,200 55,730 Cash Accounts Receivable Inventory Equipment Accounts Payablos Salary payable for 2020 (on December 31, 2020, this was owed to an employee, but the amount was not paid until January 10, 2021) Total sales revenue Total Expenses(excluding income taxes) Income taxes expense (at 30% of prelax earnings), all paid during 2020 Common shares, 8,200 shares outstanding 2,600 152,000 99,900 2 82,000 2. Prepare a statement of changes in equity for the year ended December 31, 2020. Stranit of holiday For the Year Ended Dobar 2020 Common Sharos Retained earnings 3. Prepare a statement of financial position at December 31, 2020. Assets Total assets $ + Llabilities and Shareholders' Equity Liabilities: Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity $
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