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

Cash		$	11,200
Accounts receivable			10,200
Supplies			7,200
Equipment			6,200
Accounts payable			9,100
Common stock			18,500
Retained earnings, Dec. 31, 2016			5,200
Retained earnings, Dec. 31, 2017			7,200
Dividends			14,200
Consulting revenue			35,400
Rental revenue			24,400
Salaries expense			21,200
Rent expense			13,200
Selling and administrative expenses			9,200

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 $11,200 10,200 7,200 6,200 9,100 18,500 5,200 7,200 14,200 35,400 24,400 21,200 13,200 9,200 Required: Prepare a yearend statement of owner's equity for Armani Company ARMANI COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 Retained earnings, December 31, 2017