Chapter 1 & 2 Homework Saved 2 Part 2 of 7 Required Information 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: 1 points book Accounts Payable recounts Receivable Canh Common Stoek Dividends Equipment Notes Payable Operating Expensen Other Expenses Bales Revenue Supplies 54,100 12,550 15,300 61,090 2,150 99,000 2,460 60.400 0,050 106,000 7.000 Print References 2. Prepare a statement of retained earnings for the year ended December 31. HIGH POWER CORPORATION Statement of Retained Earnings Retained Earnings, January 1 Retained Earnings, December 31