Problem 1-4A Preparing a statement of retained earnings LO P2 As of December 31, 2017, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2816 Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,800 9,800 6,000 5,800 11,e0e 13,08e 4,000 6 , 13,080 33,000 22, 000 20,080 12,000 8,600 2 5 Required: Prepare a year-end statement of retained earnings for Armani Company. Answer is not complete. ARMANI COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 20164,000 Add: Net income 4,000 Less: Dividends 3,000 Retained earnings, December 31, 2017