reparing an Income Statement and Balance Sheet Assume you are the president of APEC Aerospace Corporation. At the end of the first year of operations (Dece mber 31), the following financial data for the company are available: Accounts Payable $33.130 Accounts Recelvable 9,500 Cash 13,900 Common Stock 10,000 Dividends 1,100 Equipment 86,000 Notes Payable Operating Expenses 51,220 60,000 Other Expenses 8,850 Sales Revenue 94,000 Supplies 9,000 Required: ncome statement for the year ended December 31 a statement of retained earnings for the year ended December 31 Prepare an i 1. 2. Prepare 3. Prepare a balance sheet at December 31