Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet and Interpreting the Financial Statements [LO 1-2, LO 1-3] (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 operations (December 31), the following financial data for the company are available: Accounts Payable Accounts Receivable $33,900 12.250 15,100 60,890 2,130 97000 2,320 Common Stock Dividends Equipment Operating Expenses Other Expenses Sales Revenue Supplies 8,030 104,400 6,800 References Preparing an Income Statement, Statement of Section Break Retained Eamings, and Balance Sheet and Interpreting the Financial Statements (LO 1-2, LO 13]