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As of December 31, 2018, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained
As of December 31, 2018, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2017 Retained earnings, Dec. 31, 2018 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 Problem 1-3A Preparing an income statement LO P2 Required: Prepare the 2018 year-end income statement for Armani Company. ARMANI COMPANY Income Statement For Year Ended December 31, 2018 Revenues Total revenues Expenses Total expenses
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