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 $ 33,700 Accounts Receivable 11,950 Cash 14,900 Common Stock 60,690 Dividends 2,110 Equipment 95,000 Notes Payable 2,180 Operating Expenses 60,000 Other Expenses 8,010 Sales Revenue 102,000 Supplies 6,600

1.	Prepare an income statement for the year ended December 31.