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	$ 32,800
Accounts Receivable	10,600
Cash	14,000
Common Stock	59,790
Dividends	2,020
Equipment	86,000
Notes Payable	1,550
Operating Expenses	59,100
Other Expenses	7,920
Sales Revenue	91,200
Supplies	5,700

Required:

Prepare an income statement for the year ended December 31.

Help!

\begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ HIGH POWER CORPORATION } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}