[The following information applies to the questions Assume you are the president of High Power Corpo following financial data for the company are availabl Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $ 33,800 12, 100 15,000 60, 790 2,120 96,000 2,250 60, 100 8,020 103, 200 6,700 PA1-1 Part 1 Required: 1. Prepare an income statement for the year ended December 31. HIGH POWER CORPORATION Income Statement For the Year Ended December 31 Required information Required: 1. Prepare an income statement for the year ended Decemb HIGH POWER CORPORATION Income Statement For the Year Ended December 31 Revenues Sales Revenue Cash Total Revenues Expenses Supplies Operating Expenses Other Expenses Total Expenses Net Income 0