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Required information Skip to question [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Companys records

Required information

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[The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Companys records show the following. Hint: The owner invested $2,600 cash during the year.

Cash $ 11,600
Accounts receivable 10,600
Supplies 7,600
Equipment 6,600
Accounts payable 14,200
Armani, Capital, December 31, prior year 17,600
Armani, Capital, December 31, current year 22,200
Armani, Withdrawals 14,600
Consulting revenue 36,200
Rental revenue 25,200
Salaries expense 21,600
Rent expense 13,600
Selling and administrative expenses 9,600

Required: Prepare the income statement for Armani Company for the current year ended December 31.

image text in transcribed

ARMANI COMPANY Income Statement For Current Year Ended December 31 Revenues S 0 Total revenues Expenses Total expenses 0

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