As of December 31, 2017, Armani Companys financial records show the following items and amounts.

Cash		$	10,000
Accounts receivable			9,000
Supplies			6,000
Equipment			5,000
Accounts payable			11,000
Common stock			13,000
Retained earnings, Dec. 31, 2016			4,000
Retained earnings, Dec. 31, 2017			6,000
Dividends			13,000
Consulting revenue			33,000
Rental revenue			22,000
Salaries expense			20,000
Rent expense			12,000
Selling and administrative expenses			8,000

Required:

Prepare a year-end statement of retained earnings for Armani Company.

Required: Prepare a year-end balance sheet for Armani Company.