Assume that you are the controller of Nuclear Company. At December 31, 2020, the end of the first year of operations, the following financial data for the company are available: Cash $ 26,600 Accounts Receivable 13,600 Inventory 91,600 Equipment 46,600 Accounts Payables 52,850 Salary payable for 2020 (on December 31, 2020, this was owed to an employee, but the amount was not paid until January 10, 2021) 2,800 Total sales revenue 156,000 Total Expenses(excluding income taxes) 103,500 Income taxes expense (at 30% of pretax earnings); all paid during 2020 ? Common shares, 8,600 shares outstanding 86,000 No dividends were declared or paid during 2020. Required: 1. Prepare an income statement for the year ended December 31, 2020.