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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
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 $ 10,900 9,900 6,900 5,900 Accounts payable 12,800 Common stock 14,900 Retained earnings, December 31, prior year 3,900 Retained earnings, December 31, current year 5,900 Dividends 13,900 Consulting revenue 34,800 Rental revenue 23,800 Salaries expense 20,900 Rent expense 12,900 Selling and administrative expenses 8,900 Required: Prepare the income statement for Armani Company for the current year ended December 31. ARMANI COMPANY Income Statement For Current Year Ended December 31 Revenues Total revenues Expenses Total expenses
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