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Required information [The following information applies to the questions displayed below] Assume that you are the president of Highlight Construction Company. At the end of the first year of operations (December 31 ), the following financial data for the company are available: Required: 1. Prepare a summarized income statement for the year. (Note: The beginning balances in Common stock and Retained earnings are zero bec: Required: 1. Prepare a summarized income statement for the year