?Show me the steps to solve 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:

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Accounts Payable $ $33,600$

Accounts Receivable $11,800$

Cash $14,800$

Common Stock $60,590$

Dividends $2,100$

Equipment $94,000$

Notes Payable $2,110$

Operating Expenses $59,900$

Other Expenses $8,000$

Sales Revenue $100,800$

Supplies $6,500$

Prepare a statement of retained earnings for the year ended December $31.$