Required information Use the following information for problem 3 to 5 LO P2 As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani, Capital, Dec 31, 2019 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $11,300 10,300 7,300 6,300 13,600 17,300 21,600 14,300 35,600 24,600 21,300 13,300 9,300 Problem 1-4A Preparing a statement of owner's equity LO P2 Required: Prepare a year-end statement of owner's equity for Armani Company. Note: The owner invested a total of $2,300 cash during the year. Required information Use the following information for problem 3 to 5 LO P2 As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani, Capital, Dec 31, 2019 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $11,300 10,300 7,300 6,300 13,600 17,300 21,600 14,300 35,600 24,600 21,300 13,300 9,300 Problem 1-4A Preparing a statement of owner's equity LO P2 Required: Prepare a year-end statement of owner's equity for Armani Company. Note: The owner invested a total of $2,300 cash during the year. Problem 1-4A Preparing a statement of owner's equity LO P2 Required: Prepare a year-end statement of owner's equity for Armani Company. Note: The owner invested a total of $2,300 cash during the year. ARMANI COMPANY Statement of Owner's Equity For Year Ended December 31, 2019 A. Armani, Capital, December 31, 2018 Less Owner's investment 0 A Armani, Capital, December 31, 2019 Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2019 Liabilities Assets Total liabilities Equity Total assets Total liabilities and equity