$[$The following information applies to the questions displayed below.$]$As of December $31$ of the current year, Armani Companys records show the following.Cash$ $10,800$Accounts receivable$9,800$Supplies$6,800$Equipment$5,800$Accounts payable$12,600$Common stock$14,800$Retained earnings, December $31,$ prior year$3,800$Retained earnings, December $31,$ current year$5,800$Dividends$13,800$Consulting revenue$34,600$Rental revenue$23,600$Salaries expense$20,800$Rent expense$12,800$Selling and administrative expenses$8,800$Required:Prepare the income statement for Armani Company for the current year ended December $31.$