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Use the following information for the Problems below. ( Algo ) [ The following information applies to the questions displayed below. ] As of December

Use the following information for the Problems below. (Algo)
[The following information applies to the questions displayed below.]
As of December 31 of the current year, Armani Companys records show the following. Hint: The owner invested $2,100 cash during the year.
Cash $ 11,100
Accounts receivable 10,100
Supplies 7,100
Equipment 6,100
Accounts payable 13,200
Armani, Capital, December 31, prior year 17,100
Armani, Capital, December 31, current year 21,200
Armani, Withdrawals 14,100
Consulting revenue 35,200
Rental revenue 24,200
Salaries expense 21,100
Rent expense 13,100
Selling and administrative expenses 9,100
Prepare the income statement for Armani Company for the current year ended December 31.

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