As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $1,200 cash during the year. Cash $ 10,200 Accounts receivable 9,200 Supplies 6,200 Equipment 5,200 Accounts payable 11,400 Armani, Capital, December 31, prior year 16,200 Armani, Capital, December 31, current year 19,400 Armani, Withdrawals 13,200 Consulting revenue 33,400 Rental revenue 22,400 Salaries expense 20,200 12,200 Rent expense Selling and administrative expenses 8,200 Answer is complete but not entirely correct. ARMANI COMPANY Balance Sheet December 31 Assets Liabilities Consulting revenue 33,400 Accounts payable 11,400 Rental revenue 22,400 Armani, Capital Salaries expense 20,200 Total liabilities 11,400 Rent expense 12,200 Equity Selling and administrative expenses 8,200 Armani, Capital 19,400 Total assets $ 96,400 Total liabilities and equity $ 30,800