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 $ 32,100 Accounts Receivable Cash 9,550 13,300 Common Stock 59,090 Dividends 1,950 Equipment 86,000 Notes Payable 1,160 Operating Expenses 58,700 Other Expenses 7,850 Sales Revenue 90,000 Supplies 5,000 Prepare a statement of retained earnings for the year ended December 31.