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i need urgent answers Assume that you are the controller of Nuclear Company. At December 31, 2020, the end of the first year of operations,
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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: $ 25,400 12,400 90,400 45,400 61,490 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, 7,400 shares outstanding 2,200 144,000 92,700 ? 74,000 No dividends were declared or paid during 2020. Required: 1. Prepare an income statement for the year ended December 31, 2020. Required: 1. Prepare an income statement for the year ended December 31, 2020. NUCLEAR COMPANY Income Statement For the Year Ended December 31, 2020 2. Prepare a statement of changes in equity for the year ended December 31, 2020. NUCLEAR COMPANY Statement of Shareholders' Equity For the Year Ended December 31, 2020 Common Shares Retained earnings 3. Prepare a statement of financial position at December 31, 2020. NUCLEAR COMPANY Statement of Financial Position As at December 31, 2020 Assets Total assets Liabilities and Shareholders' Equity Liabilities Total habilities Shareholders' equity Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equityStep by Step Solution
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