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Was the company profitable ? Which financial statement provides the information regarding profitability Assume you are the president of High Power Corporation. At the end

Was the company profitable ?
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Assume you are the president of High Power Corporation. At the end of the first year of operations 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 $ 33,600 11,800 14,800 60,590 2,100 94,000 2,110 59,900 8,000 100, 800 6,500

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