Required information Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet and Interpreting the Financial Statements [LO 1-2, LO 1-3] [The following information applies to the questions displayed below.] 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: Accounts Payable: Accounts Receivable Cash $ 40,000 61,000 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 Supplies 89,300 7,500 CP1-1 (Algo) Part 3 3. Prepare a balance sheet at December 31. TIP: The balance sheet includes the ending balance from the statement of retained earnings. NUCLEAR COMPANY Balance Sheet ! Required information NUCLEAR COMPANY Balance Sheet