Required information Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below.) As of December 31 of the current year, Armani Company's records show the following. Cash $ 10,000 Accounts receivable 9,000 Supplies 7,000 Equipment 4,000 Accounts payable 11,000 Common stock 14,000 Retained earnings, December 31, prior year 3,000 Retained earnings, December 31, current year 5,000 Dividends 13,000 Consulting revenue 33,000 Rental revenue 22,000 Salaries expense 20,000 Rent expense Selling and administrative expenses 12,000 8,000 Problem 1-5A (Static) Preparing a balance sheet LO P2 Required: Prepare the current year-end balance sheet for Armani Company. ARMANI COMPANY Assets Balance Sheet December 31 Liabilities Total liabilities Total assets Total equity Total liabilities and equity Equity