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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

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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 $ 33,700 11,950 14.900 60,690 2,110 95.000 2,180 60,000 8,010 102,000 6,600 3. Prepare a balance sheet at December 31 3. Prepare a balance sheet at December 31. 13 & Answer is not complete. HIGH POWER CORPORATION Balance Sheet At December 31 >> Assets Cash Accounts Receivable Equipment > Total Assets $ 0 Liabilities Common Stock Required information Total Assets 0 Liabilities > Common Stock 0

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