The talowing information applies to the questions dispanyes below) Asume that you are the president of thig Construction Company At the end of the first year of operations (December 31. the following financial a los the company are wettle COM Bestom customers considered colectie story of merchandised on physical court and priced att enowned comportion Accounts are owed to suppliers Salary payable on December 31. this was owed to an employee who will be paid on January 10 Total revenue Expenses including the cost of the merchandise sold excluding income Inconel expense 20% per income paduring the current year Common stock December Didends declared and paid during the current you Note: The Beginning balances Common stock and the coming meer because is the first year of operations) 25700 13700 70.000 41.500 4700 1900 125.000 -87200 300 1500 9. 1000 points Required: 1. Prepare a red income statement for the year HIGHLIOHT CONSTRUCTION COMPANY Income tamen Equipo Pret Income Event Net income Tuomion.com statements and the way that it is by different de Check my work 10. 10.00 points 2. Prepare a statement of stockholders' equity for the year. HIGHLIGHT CONSTRUCTION COMPANY Statement of Stockholders' Equity Common Stock Retained Earnings Balance January 1, Current year Balance December 31. Current year 11. value 10.00 polnts 3. Prepare a balance sheet at December 31. HIGHLIGHT CONSTRUCTION COMPANY Balance Sheet 0 $ 0 0 $ 0