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The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of the first year

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The following information applies to the questions displayed below.] 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 Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies 10,150 13,700 59,490 1,990 83,000 1,340 58,800 7,898 87,600 5,400 Prepare a balance sheet at December 31

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