Required information (The following information applies to the questions display 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 Receival Cash Common Stock Dividends Equipment Notes Payable Operating Expenses other Expenses Sales Revenue Supplies 000 2. Prepare a statement of retained earnings for the year ecember 31 HIGH POWER CORPORATION Statement of Retained Earnings Earnings, January 1 IS CD