Required information Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet and Interpreting the Financial Statements [LO 1-2, LO 1-3] [The following information applies to...

Required information Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet and Interpreting the Financial Statements [LO 1-2, LO 1-3] [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 3 the following financial data for the company are available: $32,10e 9,550 13.300 Accounts Payable Accounts Receivable Cash 59,09e 1,950 86,eee 1,160 58,70e 7,850 Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue 90,eee 5,eee Supplies PA1-2 Part 2 2-a. By how much did cash increase (decrease)?