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 Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $46,000 61,900 20,000 60,530 360 31,000 1,630 74,500 9,650 97,700 8,450 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. NUCLEAR COMPANY Income Statement 4 5