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! Required information [The following information applies to the questions displayed below.] As of December 31, 2018, Armani Company's financial records show the following
! Required information [The following information applies to the questions displayed below.] As of December 31, 2018, Armani Company's financial records show the following items and amounts. Cash Accounts receivable $10,300 9,300 Supplies 6,300 Equipment 5,300 Accounts payable 10,900 Common stock 14,000 Retained earnings, Dec. 31, 2017 4,300 Retained earnings, Dec. 31, 2018 6,300 Dividends 13,300 Consulting revenue 33,600 Rental revenue 22,600 Salaries expense 20,300 Rent expense 12,300 Selling and administrative expenses 8,300 Required: Prepare a year-end statement of retained earnings for Armani Company. ARMANI COMPANY Statement of Retained Earnings For Year Ended December 31, 2018 Retained earnings, December 31, 2017 $ 4,300 4,300 Retained earnings, December 31, 2018 $ 6,300
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