Problem 1-3A Preparing an income statement LO P2 As of December 31, 2017, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $11,800 10,800 7,800 6, 800 15,900 13,500 5,800 7,800 14,800 36,600 25,600 21,800 13,800 9,800 Required: Prepare the 2017 year-end income statement for Armani Company, ARMANI COMPANY Income Statement For Year Ended December 31, 2017 Revenues Total revenues Expenses Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses 7,800 14,800 36,600 25,600 21,800 13,800 9,800 Required: Prepare the 2017 year-end income statement for Armani Company. ARMANI COMPANY Income Statement For Year Ended December 31, 2017 Revenues $ Total revenues Expenses Total expenses