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 $ 32,900 10,750 14,100 Common Stock 59,890 Dividends 2,030 Equipment 87,000 Notes Payable 1,620 Operating Expenses 59,200 other Expenses 7,930 Sales Revenue 92,400 Supplies 5,800 1. Prepare an income statement for the year ended December 31. Revenues HIGH POWER CORPORATION Income Statement For the Year Ended December 31 Accounts Payable Accounts Receivable 0 0