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.

Cash

Accounts receivable

Supplies

Equipment

Accounts payable

Common stock

Retained earnings, December $31,$ prior year

Retained earnings, December $31,$ current year

Dividends

Consulting revenue

Rental revenue

Salaries expense

Rent expense

Selling and administrative expenses

$$11,500$

$10,500$

$7,500$

$6,500$

$14,000$

$15,500$

$4,500$

$6,500$

$14,500$

$36,000$

$25,000$

$21,500$

$13,500$

$9,500$

Required:

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

$\backslash$table$[[$ARMANI COMPANY,$],[$Income Statement,$],[$Revenues$,,],[$Consulting revenue,,$],[$Rental revenue,,$],[,,],[$Total revenues,,$],[$Expenses$,,],[,,],[,,],[,,],[,,],[$Total expenses,,$],[,,]]$