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 $32.109 9.55e 13.399 59.90 1.95e 86,000 1. 16e 58.789 7.85e 90,000 5.080 PA1-2 Part 4 4-a. Did the company's dividends exceed its net Income? Yes No 4-b. Which financial statement provides the Information regarding the company's dividends? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows