As of December 31, 2017, Audi Company’s financial records show the following items and amounts.

Required Prepare the 2017 year-end income statement for Audi Company.

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Cash..... Accounts receivable... Supplies.. $2,000 1,800 1,200 Equipment... 1,000 Accounts payable.. 3,700 Common stock 1,100 Retained earnings, Dec. 31, 2016. 800 Retained earnings, Dec. 31, 2017. 1,200 Dividends 2,600 Consulting revenue 6,600 Rental revenue. 4,400 Salaries expense 4,000 Rent expense 2,400 Selling and administrative expenses... 1,600