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[ The following information applies to the questions displayed below. ] As of December 3 1 of the current year, Armani Company s records show

[The following information applies to the questions displayed below.]
As of December 31 of the current year, Armani Companys records show the following.
Cash $ 11,200
Accounts receivable 10,200
Supplies 7,200
Equipment 6,200
Accounts payable 13,400
Common stock 15,200
Retained earnings, December 31, prior year 4,200
Retained earnings, December 31, current year 6,200
Dividends 14,200
Consulting revenue 35,400
Rental revenue 24,400
Salaries expense 21,200
Rent expense 13,200
Selling and administrative expenses 9,200
Problem 1-3A (Algo) Preparing an income statement LO P2
Required:
Prepare the income statement for Armani Company for the current year ended December 31.

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