[The following information applies to the questions displayed below.] Assume you are the president of APEC Aerospace 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 $ 33,930 10,300 14,700 10,800 1,100 87,000 52,420 68,000 9,250 103,000 9,800 1. Prepare an income statement for the year ended December 31. APEC AEROSPACE CORPORATION Income Statement For the Year Ended December 31 0 0