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Preparing an Income Statement, Statement of Retained Earnings, and B The following information applies to the questions displayed below.] Assume that you are the president

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Preparing an Income Statement, Statement of Retained Earnings, and B The following information applies to the questions displayed below.] Assume that you are the president of High Power Corporation. At the end of the first year of operatic (December 31), the following financial data for the company are available: $32,600 10,300 13,800 59,590 2,000 84,000 1,410 58,900 7,900 88,800 5,500 Accounts Payable Accounts Recelvable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies References

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