As of December 31 of the current year, Armani Company's records show the following. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, prior year Retained earnings, Dec. 31, current year Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,400 9,400 6,400 5,400 11,800 14,400 3,400 5,400 13,400 33,800 22,800 20,400 12,400 8,400 Problem 1-5A (Algo) Preparing a balance sheet LO P2 Required: Prepare the current year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31 Liabilities S Assets Total liabilities Equity Total assets Total equity Total liabilities and equity