Required information 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 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 Cash Common Stock Dividends Equipment Notes Payable Operating Expenses other Expenses Sales Revenue Supplies $ 34, 100 12.550 15, 300 61,090 2,150 99,000 2, 460 60,400 8,056 186, 800 7,000 PA1-1 Part 3 3. Prepare a balance sheet at December 31