Required information [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 $ 30,000 59,500 12,000 Common Stock 62,280 Dividends 200 Equipment 36,000 Notes Payable 1,470 Operating Expenses 57,200 Other Expenses 8,850 Sales Revenue 88,000 Supplies 8,000 Required: 1. Prepare an income statement for the year ended December 31. TIP: Begin by classifying each account as asset, liability, stockholders' equity, revenue, or expense. Each account is reported on only one financial statement. Revenues NUCLEAR COMPANY Income Statement For the Year Ended December 31 Sales Revenue Total Revenues Expenses Operating Expenses Other Expenses Total Expenses Net Income 0 0