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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 the following-

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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 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 $ 10,600 9,600 6,600 5,600 12,200 14,600 3,600 5,600 13,600 34,200 23, 200 20,600 12,600 8,600 Donnirod. Required: Prepare the current year-end balance sheet for Armani Company, ARMANI COMPANY Balance Sheet December 31 Assets Liabilities Total liabilities 0 Equity 0 Total assets Total equity Total liabilities and equity $ 0

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