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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 an income statement for the year ended December 31.

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