Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $1,600 cash during the year. Cash Accounts receivable Supplies Equipment Accounts payable Armani, Capital, December 31, prior year Armani, Capital, December 31, current year Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 10,600 9,600 6,600 5,600 12,200 16,600 20,200 13,600 34,200 23,200 20,600 12,600 8,600

Required informotion Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $1,600 cash during the year Prepare the income statement for Armani Company for the current year ended December 31