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 $ 39,000 60,850 16,500 64,530 290 38,000 1,560 70,700 9,300 99,900 9,350 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 Earnings will be zero NUCLEAR COMPANY Statement of Retained Earnings Retained Earnings, January 1 Retained Earnings December 31 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 $ 39,000 60,850 16,500 64,530 290 38,000 1,560 70,700 9,300 99,900 9,350 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 Earnings will be zero NUCLEAR COMPANY Statement of Retained Earnings Retained Earnings, January 1 Retained Earnings December 31