Assume that you are the president of Highlight Construction Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Cash Receivables from customers (all considered collectible) $ 25,200 10,900 Inventory of merchandise (based on physical count and priced at cost) Equipment owned, at cost less used portion 76,000 40,800 Accounts payable owed to suppliers 47,840 Salary payable (on December 31, this was owed to an employee who will be paid on January 10) Total sales revenue 1,800 124,000 Expenses, including the cost of the merchandise sold (excluding income taxes) Income tax expense at 30% x pretax income; all paid during the current year Common stock (December 31) Dividends declared and paid during the current year (Note: The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.) 86,200 2 87,800 11,000 2. Prepare a statement of stockholders' equity for the year.