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 $ 32,200 9,700 13,400 Common Stock Dividends 59,190 1,960 Equipment 80,000 Notes Payable 1,130 Operating Expenses 58,500 Other Expenses 7,860 Sales Revenue 84,000 Supplies 5,100