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[The following information applies to the questions displayed below. Assume that 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 $32,900 10,750 14,100 59,890 2,030 87,000 1,620 59,200 7,930 92,400 5,800