Answer all of these, please

Required information Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet and Interpreting the Financial Statements (LO 1-2, LO 1-3) The following information applies to the questions displayed below] Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31). the following financial data for the company are available: Accounts Payable Accounts Receivable $32,100 9,550 13,300 59,090 1,950 86,eee 1,160 58,700 7,85e 90.000 5,eee Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies Required information Required: 1. Prepare an income statement for the year ended December 31. HIGH POWER CORPORATION Income Statement At December 31 Revenues 90,000 Sales Revenue Accounts Payable es 90,000 Expenses 58,700 Operating Expenses 7,850 Other Expenses 66,550 PA1-1 Part 3 3. Prepare a balance sheet at December 31 7 HIGH POWER CORPORATION Balance Sheet At December 31 Assets 13,300 9,550 5,000 86,000 Cash Accounts Receivable Supplies Equipment 113,850 es Liabilities 32,100 1,160 S Accounts Payable Notes Payable 33,260 Stockholders' Equity 59,090 Common Stock Retained Earnings 59,090 92,350 PA1-2 Part 2 2-a. By how much did cash increase (decrease)? 2-b. Which financial statement would report the business activities responsible for the change in cash? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows