Assume that you are the president of Nuclear Company. At the end of the first year of operations (December 31), the following financial data for the company are available:

Accounts Payable $ 40,000 Accounts Receivable 61,000 Cash 17,000 Common Stock 64,780 Dividends 300 Equipment 35,000 Notes Payable 1,570 Operating Expenses 65,500 Other Expenses 9,350 Sales Revenue 89,300 Supplies 7,500