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		$	25,800
Accounts Receivable			12,800
Inventory			90,800
Equipment			45,800
Accounts Payables			58,610
Salary payable for 2020 (on December 31, 2020, this was owed to an employee, but the amount was not paid until January 10, 2021)			2,400
Total sales revenue			148,000
Total Expenses(excluding income taxes)			96,300
Income taxes expense (at 30% of pretax earnings); all paid during 2020			?
Common shares, 7,800 shares outstanding			78,000

No dividends were declared or paid during 2020.

Required: 1. Prepare an income statement for the year ended December 31, 2020.

2. Prepare a statement of changes in equity for the year ended December 31, 2020.

3. Prepare a statement of financial position at December 31, 2020.