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As of December 31, 2017, Armani Companys financial records show the following items and amounts. As of December 31, 2017, Armani Company's financial records show
As of December 31, 2017, Armani Companys financial records show the following items and amounts.
As of December 31, 2017, Armani Company's financial records show the following items and amounts Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $11,100 10,100 7,100 6,100 9,300 18,000 5,100 7,100 14,100 35,200 24,200 21,100 13,100 9,100 Required: Prepare the 2017 year-end income statement for Armani Company ARMANI COMPANY Income Statement For Year Ended December 31, 2017 Revenues 35,200 24,200 Consulting revenue Rental revenue Total revenues 59,400 Expenses Salaries expense Rent expense Selling and administrative expenses 21,100 13,100 9,100Step by Step Solution
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