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As of December 31 of the current year, Armani Company's records show the following Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, December 31, prior year Retained earnings, December 31, current year Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 11, 700 10) 700 7700 6 700 14) 400 15, 700 4.700 6, 700 14,700 36, 400 25, 400 21,700 13,700 9, 700 Required: Prepare the statement of retained earnings for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Retained Earnings For Current Year Ended December 31 Retained earnings, December 31, prior year Add Net income 0 Retained earnings. December 31, current year $