As of December 31, 2017, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Connon stock $10, 000 9,eee 6, 000 5, eee 11,000 Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends 13,000 4,000 6,e00 13,000 33, e00 Consulting revenue Rental revenue Salaries expense 22,000 20,000 12, 800 8,000 Rent expense Selling and administrative expenses Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2017 Assets Liabilities Cash Supplies Equipment 10,000 Accounts payable 6,000 11,000 5,000 Total liabilities 9,000 11,000 Accounts receivable Equity Common stock Retained earnings Total equity Total assets 30,000 Total liabilities and equity 11,000