Reference no: EM132558616
Question - As of December 31, 2017, Armani Company's financial records show the following items and amounts.
Cash $10,100
Accounts receivable 9,100
Supplies 6,100 Equipment 5,100
Accounts payable 11,300
Common stock 13,000
Retained earnings, Dec. 31, 2016 4,100
Retained earnings, Dec. 31, 2017 6,100
Dividends 13,100
Consulting revenue 33,200
Rental revenue 22,200
Salaries expense 20,100
Rent expense 12,100
Selling and administrative expenses 8,100
Required - Prepare the 2017 year-end income statement for Armani Company.