Required Information Use the following information for the Problems below. (Static) [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 $ 10,000 Accounts receivable 9,000 Supplies 7,000 Equipment 4,000 Accounts payable 11,000 Common stock 14,000 Retained earnings, December 31, prior year 3,000 Retained earnings, December 31, current year 5,000 Dividends 13,000 Consulting revenue 33,000 Rental revenue 22,000 Salaries expense Rent expense 20,000 12,000 Selling and administrative expenses 8,000 Required: Prepare the Income statement for Armani Company for the current year ended December 31. ARMANI COMPANY Revenues Consulting revenue Rental revenue Rental revenue Total revenues Expenses Income Statement For Current Year Ended December 31 $ 34,400 23,400 $ 57,800 0 Total expenses Problem 1-4A (Static) Preparing a statement of retained earnings LO P2 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 $ 0 Problem 1-5A (Static) Preparing a balance sheet LO P2 Required: Prepare the current year-end balance sheet for Armani Company. Assets ARMANI COMPANY Balance Sheet December 31 Liabilities Total liabilities 0 Equity Total equity 0 Total assets $ 0 Total liabilities and equity $ 0