As of December 31, 2017, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies $10,000 9,000 6,000 Equipment 5,000 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 Salaries expense Rent expense 22,000 20,000 12,000 Selling and administrative expenses 8,000 Note: Early in 2017, the owner invested $1,000 cash in the business. Required: Prepare the 2017 year-end income statement for Armani Company. Revenues Total revenues Expenses Total expenses ARMANI COMPANY Income Statement For Year Ended December 31, 2017