(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 Accounts receivable Supplies $11,500 10,500 7,500 Equipment Accounts payable Common stock 6,500 14,000 15.500 Retained earnings, December 31, prior year 4,500 Retained earnings, December 31, current year 6,500 Dividends 14,500 Consulting revenue 36,000 Rental revenue 25,000 Salaries expense 21,500 Dent x 13,500 Selling and administrative expenses 5,500 Required: Prepare the current year-end balance sheet for Armani Company ARMANI COMPANY Balance Sheet Cash Accounts receivable Supplies Equipment Accounts payable Common stock Total assets December 31 Liabilities Assets $ 11,500 10.500 7,500 Total abilities 6,500 Equity 14,000 15.500 Total equity 0 $ 65,500 Total abilities and equity $ ol Check my ww