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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 ?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
Prepare an income statement for the year ended December
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