[The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the following. Hint The owner invested $1,000 cash during the year Cash Accounts receivable $10,000 9,000 Supplies: 7,000 Equipment 4,000 Accounts payable 11,000 Armani, Capital, December 31, prior year 16,000 Armani, Capital, December 31, current year 19,000 Armani, Withdrawals 13,000 Consulting revenue 33,000 Rental revenue 22,000 Salaries expense 20,000 Rent expense 12,000 Selling and administrative expenses 8,000 8. Award: 3.16 points Required: Prepare the current year-end balance sheet for Armani Company. ARMANI COMPANY Assets Balance Sheet December 31 Liabilities Total liabilities 0 Equity Total assets $ 0 Total liabilities and equity $ 0