Required information. [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 $ 32,200 9,700 13,400 59,190 1,960 80,000 1,130 58,500 7,860 84,000 5,100 3-a. Was the company profitable? Yes No