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 $10,000 9,000 6,000 5,000 11,000 13,000 4,000 6,000 13,000 33,000 22,000 20,000 12,000 8,000 Required: Prepare the 2017 year-end income statement for Armani Company. 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