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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.
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 $ 12,000 11,000 8,000 7,000 15,000 16,000 5,000 7,000 15,000 37,000 26,000 22,000 14,000 10,000 Required: Prepare the statement of retained earnings for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Retained Earnings For Current Year Ended December 31 Retained earnings, December 31, prior year. Retained earnings, December 31, current year
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