As of December 31, 2017, Armani Company's financial records show the following items and amounts Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10, 200 9, 200 6,200 5, 200 23,400 4, 2 7, 4 13, 200 33,400 22,400 20, 2 12,200 8, 200 Required: Prepare a yearend statement of owner's equity for Armani Company. Hint Notice the owner invested $1,200 cash during the year. ARMANI COMPANY Statement of Owner's Equity For Year Ended December 31, 2017 A. Armani, Capital, December 31, 2016 Add: Net income 4,200 4,200 A. Armani, Capital, December 31, 2017 7,400