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Hi. this is new to me, I have tried to solves the problems but couldn't find the correct answer, please help me and explain if

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image text in transcribedHi. this is new to me, I have tried to solves the problems but couldn't find the correct answer, please help me and explain if you can.

Required information As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec. 31, 2019 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 10,900 9,900 6,900 5,900 12,800 14,900 3,909 5,900 13,900 34,800 23,800 20,900 12,900 8,900 Required: Prepare a year-end statement of retained earnings for Armani Company. ARMANI COMPANY Statement of Retained Earnings For Year Ended December 31, 2019 Retained earnings, December 31, 2018 Retained earnings, December 31, 2019 Required information As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec. 31, 2019 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 10,900 9,900 6,900 5,909 12,800 14,900 3,900 5,900 13,900 34,800 23,800 20,900 12,900 8,900 Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2019 Liabilities Assets Total liabilities Equity Total equity Total liabilities and equity Total assets

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