Assume that you are the controller of Nuclear Company. At December $31,2020,$ the end of the first year of operat financial data for the company are available:

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 paid until January $10,2021)$

Total sales revenue

Total Expenses$($excluding income taxes$)$

Income taxes expense $($at $30\%$ of pretax earnings$)$; all paid during $2020$

Common shares, $7,100$ shares outstanding

$$25,100$

$12,100$

$90,100$

$45,100$

$63,650$

$2,050$

$141,000$

$90,000$

$?$

$71,000$

No dividends were declared or paid during $2020.$

Required:

Prepare an income statement for the year ended December $31,2020.$

$\backslash$table$[[$NUCLEAR COMPANY$],[$Income Statement$],[$For the Year Ended December $31,2020,],[$Total sales revenue,$