Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense selling and administrative expenses 11,500 10,500 7,580 6,500 16,500 12,800 5,560 7,580 14,589 36,809 25,800 21,580 13,580 9,588 es Required: Prepare the 2017 year-end income statement for Armani Company ARMANI COMPANY Income Statement For Year Ended December 31, 2017 Consulting revenue Rental revenue 6,000 25,000 Total revenues Expenses Prev 4of4 Next re to search eno - ARMANI COMPANY Income Statement For Year Ended 31. 2017 Consulting revenue Rental revenue S 36.000 25,000 Total revenues S 61,000 Rent expense Salaries expense 13, 21,500 Total expenses 35,000 ncome 5 26 Next o search