Assume 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 Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $32,500 10, 150 13,700 59,490 1,990 83,000 1,340 58,800 7,890 87,600 5,400 2-a. By how much did cash increase (decrease)? Increase in $ 13,700 Cash 2-b. Which financial statement would report the business activities responsible for the change in cash? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows