9 Part 2 of 3 1 points Required information [The following information applies to the questions displayed below.] Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operations, the following financial data for the company are available: Cash $ 26,100 Receivables from customers (all considered collectible) 11,200 eBook Inventory of merchandise (based on physical count and priced at 72,000 cost) Equipment owned, at cost less used portion 40,900 Accounts payable owed to suppliers 46,440 Print Salary payable for 2014 (on December 31, 2014, this was owed to an employee References who was away because of an emergency; will return around January 10, 2015, at which time the payment will be made) 3,000 131,000 Total sales revenue Expenses, including the cost of the merchandise sold (excluding 86,200 income taxes) Income taxes expense at 30% * pretax income; all paid during ? 2014 Common stock (December 31, 2014) 80,300 Dividends declared and paid during 2014 10,900 (Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.) 2. Prepare a statement of stockholders' equity for the year 2014. HIGHLIGHT CONSTRUCTION COMPANY Statement of Stockholders' Equity For the Year Ended December 31, 2014 Balance December 31, 2013 Balance December 31, 2014 Common Stock Retained Earnings