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5 Part 2 of 3 As of December 31 of the current year, Armani Company's records show the following. Cash Accounts receivable Supplies Equipment

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5 Part 2 of 3 As of December 31 of the current year, Armani Company's records show the following. Cash Accounts receivable Supplies Equipment $ 10,600 9,600 6,600 5,600 Accounts payable 12,200 Common stock 14,600 3.12 points Retained earnings, December 31, prior year 3,600 Retained earnings, December 31, current year 5,600 Dividends 13,600 Consulting revenue 34,200 Rental revenue 23,200 eBook Salaries expense 20,600 Rent expense 12,600 Print Selling and administrative expenses 8,600 References Required: Prepare the statement of retained earnings for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Retained Earnings For Current Year Ended December 31 Retained earnings, December 31, prior year Retained earnings, December 31, current year

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