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' Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show
' 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. Hint. The owner invested $2,900 cash during the year. Cash Accounts receivable Supplies Equipment Accounts payable Armani, Capital, December 31, prior year Armani, Capital, December 31, current year Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 11,900 10,900 7,900 6,900 14,800 17,900 22,800 14,900 36,800 25,800 21,900 13,900 9,900 Required: Prepare the income statement for Armani Company for the current year ended December 31.
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