! Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the following. ces Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, prior year Retained earnings, Dec. 31, current year Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 10,000 9,000 7,000 4,000 11,000 14,000 3,000 5,000 13,000 33,000 22,000 20,000 12,000 8,000 Required: Prepare the income statement for Armani Company for the current year ended December 31. ARMANI COMPANY Income Statement For Current Year Ended December 31 $ 33,000 22,000 Revenues Consulting revenue Rental revenue Retained earnings Total revenues Expenses Selling and administrative expenses Salaries expense Rent expense $ 55,000 8,000 20,000 12,000 Total expenses 40,000