Week 1 - Homework 3 Problem 1-4A Preparing a statement of retained earnings LO P2 10 points As of December 31, 2017, Armani Company's financial records show the following items and am eBook Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,6ee 9,600 6,600 5,600 10,300 15,500 4,609 6,600 13,600 34, 2ee 23, 200 20,600 12,600 8,609 Print References Required: Prepare a yearend statement of owner's equity for Armani Company. ARMANI COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 s Add: Net income 4,000 4.800 Less: Dividends Retained earnings, December 31, 2017