Dmin heducation.com HOMEWORKLICPLES OF ECONO Chapter 1 Homework (AlgolO Required information The following information applies to the questions displayed below) 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: 1 Updates Do you wa Part of $ 33,700 11.950 714 Accounts Payable conte cevable Common stock Divenda Equipment Sotes Payable Operating Expenses Other Expenses Sales Servei Supplies 50,690 2,110 95,000 2.100 60.000 8,010 102,000 Required: 1. Prepare an income statement for the year ended December 31 HIGH POWER CORPORATION Income Statement For the Year End December Accounts Receiva ba Prev 2 3 7 Next > : E S D F G . B