7. nment Print View [The following information applies to the questions displayed below] As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $1,000 cash during the year. Cash Accounts receivable Supplies Equipment $10,000 9,000 7,000 Accounts payable 4,000 11,000 Armani, Capital, December 31, prior year 16,000 Armani, Capital, December 31, current year Armani, Withdrawals 19,000 13,000 Consulting revenue. 33,000 Rental revenue 22,000 Salaries expense 20,000 Rent expense Selling and administrative expenses 12,000 8,000 Award: 3.12 points Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Owner's Equity For Current Year Ended December 31 Armani, Capital, December 31, prior year Add: Net income $ 16,000 15,000 Add: Net loss 31,000 Less: Withdrawals by owner 13,000 Armani, Capital, December 31, current year $ 18,000 8/15/2