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Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data

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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 $ 33,600 11,800 14,800 60,590 2,100 94,000 2,110 59,900 8,000 100,800 6,500 equired: . Prepare an income statement for the year ended December 31. HIGH POWER CORPORATION Income Statement 0 0

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