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Assume that you are the president of Highlight Construction Company. At the end of the first years operations (December 31), the following financial data for

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Assume that you are the president of Highlight Construction Company. At the end of the first years operations (December 31), the following financial data for the company are available: Required: Using the financial statement exhibits in the chapter as models and showing computation: 1. Prepare a summarized income statement for the year. 2. Prepare a statement of stockholders' equity for the year. 3. Prepare a balance sheet at December 31

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