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AS Or December 31, 2017, Armani Company Sunancial records show the Toulowing items and amounts Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec

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AS Or December 31, 2017, Armani Company Sunancial records show the Toulowing items and amounts Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses 10,000 9,000 6,000 5,000 23,000 4.000 7,000 13,000 33,000 22,000 20,000 12,000 8,000 Note: Early in 2017, the owner invested $1,000 cash in the business. Required: Prepare a year-end statement of owner's equity for Armani Company. Hint Notice the owner invested $1.000 cash during the year. ARMANI COMPANY Statement of Owner's Equity For Year Ended December 31, 2017 A Armani, Capital, December 31, 2016 $ Add: Owner's investment 38,000 A. Armani, Capital, December 31, 2017 7,000

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