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As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,600 cash during the year. Cash


As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,600 cash during the year. Cash Accounts receivable $ 11,600 10,600 Supplies 7,600 Equipment 6,600 Accounts payable 14,200 Armani, Capital, December 31, prior year 17,600 Armani, Capital, December 31, current year 22,200 Armani, Withdrawals 14,600 Consulting revenue 36,200 Rental revenue 25,200 Salaries expense 21,600 Rent expense 13,600 Selling and administrative expenses 9,600 Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Owner's Equity For Current Year Ended December 31 Armani, Capital, December 31, prior year 0 Armani, Capital, December 31, current year 0

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