Algebra

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Extracted Text:
Assume you are the accountant of Nuclear Company. At the end of the first year of operations (December 3, the following financial data for the company are available: Accounts Payable $43,000 Accounts Receivable Cash 61,450 18,500 Connon Stock 65,530 Dividends 330 Equipment 38,000 Notes Payable 1,600 Operating Expenses 70,000 Other Expenses 9,500 Sales Revenue 95,600 Supplies 7,950 equired: Prepare an income statement for the year ended December 31 P. Begin by classifying each account as asset, lability, stockholders\' equity, rev ne financial statement or expense. Each account is reported on only