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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 $ 32,900 Accounts Receivable 10,750 Cash 14,100 Common Stock 59,890 Dividends 2.030 Equipment 87, e80 Notes Payable 1,620 Operating Expenses 59,200 Other Expenses 7,930 Sales Revenue 92,400 Supplies 5,800 2. Prepare a statement of retained earnings for the year ended December 31. HIGH POWER CORPORATION Statement of Retained Earnings Retained Earnings, January 1 Retained Earnings, December 31