Required information

[The following information applies to the questions displayed below.]

As of December 31 of the current year, Armani Companys records show the following.

Cash$ 10,900Accounts receivable9,900Supplies6,900Equipment5,900Accounts payable12,800Common stock14,900Retained earnings, December 31, prior year3,900Retained earnings, December 31, current year5,900Dividends13,900Consulting revenue34,800Rental revenue23,800Salaries expense20,900Rent expense12,900Selling and administrative expenses8,900

Required: Prepare the income statement for Armani Company for the current year ended December 31