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Required Information As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common
Required Information As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec. 31, 2019 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,100 9. 100 6, 100 5, 100 11,200 14,100 3, 100 5, 100 13,100 33,200 22, 200 20,100 12,100 8, 100 Required: Prepare the 2019 year-end income statement for Armani Company ARMANI COMPANY Income Statement For Year Ended December 31, 2019 Revenues Consulting revenue Rental revenue Accounts payable Total revenues Expenses Total expenses Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2019 Liabilities Assets Total liabilities Equity Total equity Total liabilities and equity Total assets S O s
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