ng middleware Chapter 1& 2 Homework Seved 6 Part 6 of 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 ebook Accounts Payable Accounts Receivable Canh Common stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenge Supplies $ 34,100 12,550 15,300 61,090 2,150 99,000 2.460 60,400 0,050 106.800 7.000 Print References 3-a. Was the company profitable? Yes No 3-b. Which financial statement provides the information regarding profitability? Income Statement Statement of Retained Earnings O Balance Sheet Statement of Cash Flows