Prepare a statement of retained earnings for the year ended Decemeber 31

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 fast year of operations December the following financial data for the company are available 513 500 1850 Acco Acoche Cash Coach Onded Notes Payable Opp O Sales 040 2000 3.000 2.000 70 0.00 2. Prepare a statement of retained eamings for the year ended December HIGH POWER CORPORATION Set of Retained Emin Retained Earnings January 1 Add Net Income Dividende Red Barning December 31 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 Accounts Payable Accouets Raceable Cach $31,300 11,450 14,700 Come Stick Desdens 60,400 2,000 Equ 1000 1000 Notes Payable 3040 30,000 Opening Expens Other Expres Sales Ravens 1990 19.000 400 2. Prepare a statement of retained earnings for the year ended December 31 HIGH POWER CORPORATION Statement of Ratained Earnings Retained Earrings January 1 Add Net Income Less Dividends Retained Earnings December 31