please prepare an income statement for the year ended December 31, 2020

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 $ 26,700 Accounts Receivable 13,700 Inventory 91, 709 Equipment 46, 700 Accounts Payables 52,130 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, 850 Total sales revenue 157, 009 Total Expenses (excluding income taxes) 104, 400 Income taxes expense (at 30% of pretax earnings); all paid during 2020 Common shares, 8,700 shares outstanding 87,000 No dividends were declared or paid during 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