Use the information in Problem 1-3A to prepare the statement of retained earnings for Armani Company for

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Use the information in Problem 1-3A to prepare the statement of retained earnings for Armani Company for the current year ended December 31.

Data from Problem 1-3A

As of December 31 of the current year, Armani Company’s records show the following.

Cash..... Accounts receivable. Supplies..... Equipment... Accounts payable. Common stock.. Retained earnings,


Required
Prepare the income statement for Armani Company for the current year ended December 31.

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