Prepare the income statement for Armani Company for the current year ended December 31. Revenues Consulting revenue Rental revenue Total revenues Expenses ARMANI COMPANY Income Statement For Current Year Ended December 31 Total expenses $ 0 0 Cashi 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 Problem 1-3A (Algo) Preparing an income statement LO P2 Required: Prepare the income statement for Armani Company for the current year ended December 31. Revenues Consulting revenue Rental revenue Total revenues ARMANI COMPANY Income Statement For Current Year Ended December 31 Expenses $ 10,800 9,800 6,800 5,800 12,600 14,800 3,800 5,800 13,800 34,600 23,600 20,800 12,800 8,800 $ 0