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Required information [The following information applies to the questions displayed below.] Assume that you are the president of Highlight Construction Company. At the end of

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Required information [The following information applies to the questions displayed below.] Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operations, the following financial data for the company are available: because it is the first year of operations.) Required: 1. Prepare a summarized income statement for the year 2014 . 2. Prepare a statement of stockholders' equity for the year 2014 . 3

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