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 $ 33,800 12,100 15,000 60,790 2,120 96,000 2,250 60,100 8,020 103, 200 6,700 PA1-1 Part 2 2. Prepare a statement of retained earnings for the year ended Dec HIGH POWER CORPORATION Statement of Retained Earnings For the Year Ended December 31 Retained Earnings, January 1 Add: Net Income Less: Dividends Retained Earnings, December 31 $ 0 w