Assume that 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 $ 33,700 Accounts Receivable 11,950 Cash 14,900 Common Stock 60,690 Dividends 2,110 Equipment 95,000 Notes Payable 2,180 Operating Expenses 60,000 Other Expenses 8,010 Sales Revenue 102,000 Supplies 6,600

2.	Prepare a statement of retained earnings for the year ended December 31.