Cash 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 13,000 33,000 22,000 20,000 Rent expense 12,000 Selling and administrative expenses 8,000 Note: Early in 2017, the owner invested $1,000 cash in the business ARMANI COMPANY Statement of Owner's Equity For Year Ended December 31, 2017 $ A. Armani, Capital, December 31, 2016 Required: Prepare a year-end statement of owner's equity for Armani Compan Hint. Notice the owner invested $1,000 cash during the year. Add: Owner's investment Add: Net income $10,000 9,000 6,000 5,000 Less: Withdrawals by Owner A. Armani, Capital, December 31, 2017 23,000 4,000 7,000 $ Chea 4,000 1,000 15,000 20,000 14,000 7,000