Assume 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:

Assume 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: 2. Prepare a statement of retained earnings for the year ended December 31 . TIP: Because this is the first year of operations, the beginning balance in Retained Earnings will be zero