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1 Assume that you are the controller of Nuclear Company. At December 31, the end of the first year of operations, the following financial data for the company are available: 00:10:15 Cash Receivables from customers (all considered collectible) Inventory of merchandise (based on physical count and priced at cost) Equipment owned, at cost less portion used Payables to suppliers of merchandise Salary payable (on December 31, this was owed to an employee who will be paid on January 10) Total sales revenue Expenses, including the cost of the merchandise sold (excluding income taxes) Income taxes expense (at 30% of pretax earnings); all paid during the current year Contributed capital, 7,400 shares outstanding No dividends were declared or paid during the current year. Required: 1. Prepare a statement of earnings for the year ended December 31. NUCLEAR COMPANY Summary Statement of Earnings For the Year Ended December 31, Current Year S Total sales revenue Total expenses, excluding income taxes Camings before income taxes 144.000 92.700 51.300 15.390 35 910 $ 25,400 12,400 90,400 45,400 61.490 2,200 144,000 92,700 74,000

data for the compary are avaliable: 2. Prepare a statement of changes in equity for the year ended December 31 . 3. Prepare a statement of Financial postion at Decernber 3t

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