Extracted text: 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 7,600 6,600 14, 200 17,600 22,200 14,600 36,200 25, 200 21,600 13,600 9,600 Required: Prepare the income statement for Armani Company for the current year ended December 31. ARMANI COMPANY Income Statement For Current Year Ended December 31 Revenues $ 36,200 Consulting revenue 25,200 Rental revenue $ 61,400 Total revenues Expenses 21,600 Salaries expense 13,600 Rent expense 9,600 Selling and administrative expenses 44,800 Total expenses 2$ 16,600 Net income
![[The following information applies to the questions displayed below.]<br>As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,600<br>cash during the year.<br>Cash<br>Accounts receivable<br>Supplies<br>Equipment<br>Accounts payable<br>Armani, Capital, December 31, prior year<br>Armani, Capital, December 31, current year<br>Armani, Withdrawals<br>Consulting revenue<br>Rental revenue<br>Salaries expense<br>Rent expense<br>Selling and administrative expenses<br>$ 11,600<br>10,600<br>7,600<br>6,600<br>14,200<br>17,600<br>22,200<br>14,600<br>36,200<br>25,200<br>21,600<br>13,600<br>9,600<br>Required:<br>Prepare the income statement for Armani Company for the current year ended December 31.<br>ARMANI COMPANY<br>Income Statement<br>For Current Year Ended December 31<br>Revenues<br>2$<br>36,200<br>Consulting revenue<br>25,200<br>Rental revenue<br>$<br>61,400<br>Total revenues<br>Expenses<br>21,600<br>Salaries expense<br>13,600<br>Rent expense<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_mhdtzp0-bp5pxdyv.jpeg)
Extracted text: [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 $2,600 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 $ 11,600 10,600 7,600 6,600 14,200 17,600 22,200 14,600 36,200 25,200 21,600 13,600 9,600 Required: Prepare the income statement for Armani Company for the current year ended December 31. ARMANI COMPANY Income Statement For Current Year Ended December 31 Revenues 2$ 36,200 Consulting revenue 25,200 Rental revenue $ 61,400 Total revenues Expenses 21,600 Salaries expense 13,600 Rent expense