Assume that you are the president of Highlight Construction Company. At the end of the first; (December 2 1. 2014) of operations, the following financial data for the company are available: cash.$25.600 Receivables from customers (all considered collectible) 10.800 Inventory of merchandise (based on physical count and priced at cost) 81.000 Equipment owned, at cost less used portion 42.000 Accounts payable owed to suppliers 46.140 Salary payable for 2014 (on December 31. 2014. this was owed to an employee who was away because of an emergency: will return around January 10. 2015, at which time the payment will be made) 2.520 Total sales revenue 128.400 Expenses, including the cost of the merchandise sold (excluding income taxes) 80.200 Income taxes expense at 30% X pretax income: all paid during 2014 Common stock (December 31.2014) 87.000 Dividends declared and paid during 2014 10.000 (The beginning balances in Common stock and Retained earnings are zero because it is the first year of operations.) Required: Using the financial statement exhibits in the chapter as models and showing computations: Prepare a summarized income statement for the year 2014. Prepare a statement of stockholders' equity for the year 2014. Prepare a balance sheet at December 31. 2014