As of December 31 of the current year, Armani Company's records show the following. Hint. The...

 

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As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,300 cash during the year Cash Accounts receivable Supplies Equipment $ 11,300 10,300 7,300 6,300 Accounts payable 13,600 Armani, Capital, December 31, prior year 17,300 Armani, Capital, December 31, current year 21,600 Armani, Withdrawals 14,300 Consulting revenue 35,600 Rental revenue 24,600 Salaries expense 21,300 Rent expense 13,300 Selling and administrative expenses 9,300 Required: Prepare the income statement for Armani Company for the current year ended December 31. As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,300 cash during the year Cash Accounts receivable Supplies Equipment $ 11,300 10,300 7,300 6,300 Accounts payable 13,600 Armani, Capital, December 31, prior year 17,300 Armani, Capital, December 31, current year 21,600 Armani, Withdrawals 14,300 Consulting revenue 35,600 Rental revenue 24,600 Salaries expense 21,300 Rent expense 13,300 Selling and administrative expenses 9,300 Required: Prepare the income statement for Armani Company for the current year ended December 31.

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