Problem 1-5A Preparing a balance sheet 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, 2817 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 18,8e0 9,800 6,000 5,8e0 13,e00 4,800 6,800 13,880 33,880 22,888 20,880 12,eee 8,eee Required Prepare a year-end balance sheet for Armani Company ARMANI COMPANY Balance Sheet December 31, 2017 Assets Liabilities Cash S 11.000 6,000 5,000 Total liabilities 9,000 11,000 quipment Accounts receivable Equity Common stock Retained earnings Total equity Total assets 11,000