Required information As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash $11,400 Accounts receivable 10,400 Supplies 7,400 Equipment 6,400 Accounts payable 13,800 Common stock 15,400 Retained earnings, Dec. 31, 2018 4,400 Retained earnings, Dec. 31, 2019 6,400 Dividends 14,400 Consulting revenue 35,000 Rental revenue 24,800 Salaries expense. 21,400 Rent expense Selling and administrative expenses 13,400 9,400 Required: Prepare the 2019 year-end income statement for Armani Company. ARMANI COMPANY Income Statement For Year Ended December 31, 2019 Revenues Required: Prepare the 2019 year-end income statement for Armani Company. ARMANI COMPANY Income Statement For Year Ended December 31, 2019 Revenues Total revenues Expenses Total expenses $ 0 Cash Accounts receivable Supplies $11,400 10,400 7,400 Equipment 6,400 Accounts payable 13,800 Common stock 15,400 Retained earnings, Dec. 31, 2018 4,400 Retained earnings, Dec. 31, 2019 6,400 Dividends 14,400 Consulting revenue 35,800 Rental revenue 24,800 Salaries expense 21,400 Rent expense 13,400 Selling and administrative expenses 9,400 Required: Prepare a year-end statement of retained earnings for Armani Company. ARMANI COMPANY Statement of Retained Earnings For Year Ended December 31, 2019 Retained earnings, December 31, 2018 Retained earnings, December 31, 2019 Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2019 Assets Liabilities Total liabilities 0 Equity Total equity 0 Total assets $ 0 Total liabilities and equity $ 0