find the following:

Prepare a summarized income statement for the year 2014 . Prepare a statement of stockholders equity for the year 2014. Prepare a balance sheet at December 31, 2014.

The tolowing information applies to the questions displayed below. Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operations, the following financla data for the company are availlable: Receivables from customers (all considered collect ble) 12,700 Inventory of merchandise (based on physical count and 78,000 priced at cost) 42,400 Equipment owned, at cost less used portion Accounts payable owed to suppliers Salary payable for 2014 (on December 31, 2014, this was 47.840 owed to an employee who was away because of an emergency, will return at which time the payment will be made) Total sales revenue Expenses, Including the cost of the merchandse sold Income taxes expense at 30% pretax income, all paid (excluding income taxes) during 2014 DIvidends declared and paid during 2014 Note: The beginning balances In Common stock and Retained earnings are zero because it is the first year of operations.)