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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
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 Recounts Receivable $46.000 61,900 20,000 60,530 Common Stook Dividend 31.00 Notas Payable Operating Expenses Other Expenses Sales Revenan Sapplies 2. Prepare a statement of retained earnings for the year ended December 31 TIP: Because this is the first year of operations, the beginning balance in Retained E NUCLEAR COMPANY Statement of Retained Earnings Retained Earnings anuary 1 Rotan Ewning. December 31
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