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 $11,400 10,400 7,400 6,400 13,800 17,400 21,800 14,400 35,800 24,800 21,400 13,400 9,400 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 $2,400 cash during the year. ARMANI COMPANY Statement of Owner's Equity For Year Ended December 31, 2019 A Armani, Capital, December 31, 2018 A. Armani, Capital, December 31, 2010 Problem 1-5A Preparing a balance sheet LO P2 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