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 $ 10,000 9,000 7,000 4,000 11,000 14,000 3,000 5,000 13,000 33,000 22,000 20,000 12,000 8,000 Required: Prepare the income statement for Armani Company for the current year ended December 31. 04:45:02 Required: Prepare the income statement for Armani Company for the current year ended December 31. ARMANI COMPANY Revenues Book Cash Accounts receivable Print Common stock Total revenues Expenses Accounts payable Income Statement For Current Year Ended December 31 $ 10,000 9,000 14,000 $ 33,000 11,000 Equipment 4,000 ferences Supplies 7,000 Salaries expense 20,000 Selling and administrative expenses 8,000 Total expenses Net loss 50,000 $ 17,000