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played 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 $ 33, 800 Accounts Receivable 12, 100 Cash 15, 000 Common Stock 60, 790 Dividends 2, 120 Equipment 96 , 000 Notes Payable 2 , 250 Operating Expenses 60, 100 Other Expenses 8 , 020 Sales Revenue 103, 200 Supplies 6, 700 2. Prepare a statement of retained earnings for the year ended December 31. HIGH POWER CORPORATION Statement of Retained Earnings At December 31 Retained Earnings, January 1 Add: Net Income Less: Dividends Retained Earnings, December 31