Problems Saved As of December 31 of the current year, Armani Company's records show the following. Hint. The owner in cash during the year. Cash Accounts receivable Supplies Equipment Accounts payable Armani, Capital, December 31, prior year Armani, Capital, December 31, current year Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 10,200 9,200 6,200 5,200 11,400 16,200 19,400 13,200 33,400 22,400 20,200 12,200 8,200 Required: Prepare the current year-end balance sheet for Armani Company. Equipment Accounts receivable Cash Supplies Rental revenue Consulting revenue Total assets ARMANI COMPANY Balance Sheet December 31 Assets Liabilities $ 5,200 Accounts payable $ 11,400 9,200 10,200 Total liabilities 6,200 22,400 Armani, Capital Equity 11,400 33,400 $ 86,600 Total liabilities and equity $ 11,400