Refer to CP1-1.
Assume that you are the president of Nuclear Company. At the end of the first year of operations (December 31, 2014), the following financial data for the company are available:

Required
1. Evaluate whether the company was profitable.
2. Evaluate whether the company could have paid a greater amount for dividends.
3. Evaluate whether the company is financed mainly by creditors or shareholders.
4. Determine the amount of cash increase or decrease that would be shown in the statement of cash flows.

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Cash $12,000 59,500 8,000 Accounts Receivable Supplies on Hand Equipment Accounts Payable Notes Payable Sales Revenue 36,000 30,297 1,470 88,000 57,200 8,850 Operating Expenses Other Expenses Contributed Capital 61,983 Dividends 200