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As of December 31 of the current year, Armani Companys records show the following.

Cash$ 10,900Accounts receivable9,900Supplies6,900Equipment5,900Accounts payable12,800Common stock14,900Retained earnings, December 31, prior year3,900Retained earnings, December 31, current year5,900Dividends13,900Consulting revenue34,800Rental revenue23,800Salaries expense20,900Rent expense12,900Selling and administrative expenses8,900 Required: Prepare the statement of retained earnings for Armani Company for the current year ended December 31 . Required: Prepare the current year-end balance sheet for Armani Company