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As of December 31, 2017, Armani Company's financial records show the following items and amoun Cash Accounts receivable $10,000 9,000 Supplies.. 6,000 5,000 Equipment.. Accounts

As of December 31, 2017, Armani Company's financial records show the following items and amoun Cash Accounts receivable $10,000 9,000 Supplies.. 6,000 5,000 Equipment.. Accounts payable.. 23,000 A. Armani, Capital, Dec. 31, 2016. 4,000 A. Armani, Capital, Dec. 31, 2017.. 7,000 A. Armani, Withdrawals 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 Note: Early in 2017, the owner invested $1,000 cash in the business. Prepare the 2017 year-end income statement for Armani Company

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