As of December 31 of the current year, Audi Company’s records show the following.

Required

Prepare the income statement for Audi Company for the current year ended December 31.

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Cash.... $2,000 Retained earnings, Dec. 31, current year . $1,300 Accounts receivable. 1,800 Dividends 2,600 Supplies.. 1,200 Consulting revenue 6,600 Equipment... 1,000 Rental revenue 4,400 Accounts payable. 3,600 Salaries expense. 4,000 Common stock .. 1,100 Rent expense 2,400 Retained earnings, Dec. 31, prior year 900 Selling and administrative expenses.. 1,600