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?Assume you are the president of High Power Corporation. At the end of the first year of operations ( December 3 1 ) , ?the

?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 $ 33,600
Accounts Receivable 11,800
Cash 14,800
Common Stock 60,590
Dividends 2,100
Equipment 94,000
Notes Payable 2,110
Operating Expenses 59,900
Other Expenses 8,000
Sales Revenue 100,800
Supplies 6,500
Prepare a balance sheet at December 31.

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