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Assume that you are the president of High Power Corporation. At the end of the first year of operations (December 31, 2013), the following financial

Assume that you are the president of High Power Corporation. At the end of the first year of operations (December 31, 2013), the following financial data for the company are available:

Accounts Payable $ 32,900
Accounts Receivable 10,750
Cash 14,100
Contributed Capital 59,890
Dividends 2,030
Equipment 87,000
Notes Payable 1,620
Operating Expenses 59,200
Other Expenses 7,930
Sales Revenue 92,400
Supplies 5,800
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