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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 financlal data
Assume that you are the controller of Nuclear Company. At December 31, 2020, the end of the first year of operations, the following financlal data for the company are avaliable: Casti $25,300 Accounts Receivable 12,309 Inventory 99,360 Equipment. 45,360 Accounts Payables 62,210 Salary payable for 292 theta (con Decenter 31,292 theta, this was oned to an employee, but the anount was not paid untell January 18,2821 ) 2,158 Total sales reverue 143,088 Total Expenses (excluding income taxes) 91,809 Incone taxes expense (at 30 x of pretax earnings); a11 paid durling 2920 3 Connon shares, 7,3e0 shares outstanding 73,060 No dividends were declared or pald during 2020 Required: Prepare an income statement for the year ended December 31, 2020. NUCLEAR COMPANY
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