Required information As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash $10,000 Accounts receivable 9,000 Supplies 7,000 Equipment 4,000 Accounts payable 11,000 Common stock 14,000 Retained earnings, Dec. 31, 2018 3,000 Retained earnings, Dec. 31, 2019 5,000 Dividends 13,000 Consulting revenue 33,000 Rental revenue 22,000 Salaries expense 20,000 Rent expense Selling and administrative expenses 12,000 8,000 Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2019 Assets Liabilities Total liabilities Equity Total assets Total equity Total liabilities and equity