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As of December 31, 2019, Armani Companys financial records show the following items and amounts.
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| Cash | | $ | 11,400 | |
| Accounts receivable | | | 10,400 | |
| Supplies | | | 7,400 | |
| Equipment | | | 6,400 | |
| Accounts payable | | | 13,800 | |
| Common stock | | | 15,400 | |
| Retained earnings, Dec. 31, 2018 | | | 4,400 | |
| Retained earnings, Dec. 31, 2019 | | | 6,400 | |
| Dividends | | | 14,400 | |
| Consulting revenue | | | 35,800 | |
| Rental revenue | | | 24,800 | |
| Salaries expense | | | 21,400 | |
| Rent expense | | | 13,400 | |
| Selling and administrative expenses | | | 9,400 | |
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Required: Prepare the 2019 year-end income statement for Armani Company.
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| ARMANI COMPANY |
| Income Statement |
| For Year Ended December 31, 2019 |
| Revenues | | | |
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| | | $0 | |
| Expenses | | | |
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| Total expenses | | 0 | |
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