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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, financial data for the company are available: Cash Accounts Receivable Inventory Equipment Accounts Payables Salary payable for 2020 (on December 31, 2e2e, this was owed to an employee, but the amount was not paid until January 18, 2021) Total sales revenue Total Expenses(excluding income taxes) Income taxes expense (at 38% of pretax earnings); all paid during 2020 Common shares, 7,288 shares outstanding $ 25, 200 12,200 90,200 45,200 62,930 4 2,100 142,900 99,900 ? 72,eee No dividends declared or pald 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 No dividends were declared or pald 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 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 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