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Assume you are the president of...

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Accounting

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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: 3. Prepare a balance sheet at December 31. Required: 1. Prepare an income statement for the year ended December 31. 2. Prepare a statement of retained earnings for the year ended Decem Answer is complete but not entirely correct

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