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Assume that you are the controller of Nuclear Company. At December 31,2020, the end of...

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Accounting

Assume that you are the controller of Nuclear Company. At December 31,2020, the end of the first year of operat financial data for the company are available:
Cash
Accounts Receivable
Inventory
Equipment
Accounts Payables
Salary payable for 2020(on December 31,2020, this was owed to an employee, but the amount was not paid until January 10,2021)
Total sales revenue
Total Expenses(excluding income taxes)
Income taxes expense (at 30% of pretax earnings); all paid during 2020
Common shares, 7,100 shares outstanding
$25,100
12,100
90,100
45,100
63,650
2,050
141,000
90,000
?
71,000
No dividends were declared or paid during 2020.
Required:
Prepare an income statement for the year ended December 31,2020.
\table[[NUCLEAR COMPANY],[Income Statement],[For the Year Ended December 31,2020,],[Total sales revenue,$
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