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Ok Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show
Ok Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the following Cash Accounts receivable. Supplies $ 10,000 9,000 7,000 Equipment 4,000 Accounts payable 11,000 ences Common stock 14,000 Retained earnings, December 31, prior year 3,000 Retained earnings, December 31, current year 5,000 Dividends 4 13,000 Consulting revenue 33,000 Rental revenue 22,000 Salaries expense 20,000 Rent expense 12,000 Selling and administrative expenses 8,000 Required: Prepare the income statement for Armani Company for the current year ended December 31 ARMANI COMPANY Income Statement Far Current Year Ended December 11
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