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 $32,700 10,450 13,900 59,690 2,010 85,000 1.480 59,000 7,910 90,000 5,600 PA1-1 Part 3 3. Prepare a balance sheet at December 31 HIGH POWER CORPORATION Balance Sheet