The following information applies to the questions displayed below.]  assume that you are the president of highlight construction company. at the end of the first year of operations (december 31), the following financial data for the company are available:     cash$25,600receivables from customers (all considered collectible)  12,800inventory of merchandise (based on physical count and priced at cost)  77,000equipment owned, at cost less used portion  42,500accounts payable owed to suppliers  47,340salary payable (on december 31, this was owed to an employee who will be paid on january 10)  2,700total sales revenue  129,000expenses, including the cost of the merchandise sold (excluding income taxes)  82,200income tax expense at 30% × pretax income; all paid during the current year.