Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani, Capital, Dec. 31, 2019 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,700 9,700 6,700 5,700 12,400 16,700 20,400 13,700 34,400 23,400 20,700 12,700 8,700 Required: Prepare the 2019 year-end income statement for Armani Company. ARMANI COMPANY Income Statement For Year Ended December 31, 2019 Revenues $ 0 Total revenues Expenses Total expenses 0 Net income As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani, Capital, Dec. 31, 2019 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,700 9,700 6,700 5,700 12,400 16,700 20,400 13,700 34,400 23,400 20,700 12,700 8,700 Required: Prepare a year-end statement of owner's equity for Armani Company. Note: The owner invested a total of $1,700 cash during the year. ARMANI COMPANY Statement of Owner's Equity For Year Ended December 31, 2019 A. Armani, Capital, December 31, 2018 0 A. Armani, Capital, December 31, 2019 As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani, Capital, Dec. 31, 2019 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,700 9,700 6,700 5,700 12,400 16,700 20,400 13,700 34,400 23,400 20,700 12,700 8,700 Required: Prepare a year-end balance sheet for Armani Company ARMANI COMPANY Balance Sheet December 31, 2019 Liabilities Assets Total liabilities 0 Equity Total assets $ 0 Total liabilities and equity $ 0