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As of December 31, 2019, Armani Companys financial records show the following items and amounts. Cash $ 11,700 Accounts receivable 10,700 Supplies 7,700 Equipment 6,700
As of December 31, 2019, Armani Companys financial records show the following items and amounts.
Cash | $ | 11,700 | ||
Accounts receivable | 10,700 | |||
Supplies | 7,700 | |||
Equipment | 6,700 | |||
Accounts payable | 14,400 | |||
Common stock | 15,700 | |||
Retained earnings, Dec. 31, 2018 | 4,700 | |||
Retained earnings, Dec. 31, 2019 | 6,700 | |||
Dividends | 14,700 | |||
Consulting revenue | 36,400 | |||
Rental revenue | 25,400 | |||
Salaries expense | 21,700 | |||
Rent expense | 13,700 | |||
Selling and administrative expenses | 9,700 | |||
Required: Prepare the 2019 year-end income statement for Armani Company.
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