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Prepare the 2019 year end income statement Screen Shot 2020-06-01 at 11.25.57 AM Screen Shot 2020-06-01 at 11.25.50 AM 6 Searc Required: Prepare the 2019
Prepare the 2019 year end income statement
Screen Shot 2020-06-01 at 11.25.57 AM Screen Shot 2020-06-01 at 11.25.50 AM 6 Searc Required: Prepare the 2019 year-end income statement for Armani Company. Required information ARMANI COMPANY Income Statement As of December 31, 2019, Armani Company's financial records show the following items and amounts. For Year Ended December 31, 2019 Revenues $ 0 Total revenues Expenses 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 $10,000 9,000 7,000 4,000 11,000 14,000 3,000 5,000 13,000 33,000 22,000 20,000 12,000 8,000 Total expenses 0 Required: Prepare the 2019 year-end income statement for Armani CompanyStep by Step Solution
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