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As of December 31, 2017, Armani Companys financial records show the following items and amounts Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10, 200 9, 200 6,200 5, 200 23,400 4, 2ΘΘ 7, 4ΘΘ 13, 200 33,400 22,400 20, 2ΘΘ 12,200 8, 200

Required: Prepare a yearend statement of owners equity for Armani Company. Hint Notice the owner invested $1,200 cash during the year. ARMANI COMPANY Statement of Owners Equity For Year Ended December 31, 2017 A. Armani, Capital, December 31, 2016 Add: Net income 4,200 4,200 A. Armani, Capital, December 31, 2017 7,400

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