Connect Secure httpsnewconnectmheducationcomflowconnecthtml

Connect Secure! https://newconnect.mheducation.com/flow/connect.html Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It does not Indicate completlon. Return to question cash Accounts receivable Supplies Equipment Accounts payable Comnon 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, 800 9, 000 6, 000 S, 000 11,000 13, 000 4, 000 6, 000 13, @ 33, 000 22, 000 20,000 12, @ 8, 000 0,62 points Screenshot now Screenshot taken Show in folder Required: Prepare the 2017 year-end income statement for Armani Company. Answer is complete but not entirely correct. ARMANI COMPAN Income Statement For Year Ended December 31,2017 Consulting revenue Rental revenue Common stock Tatal srana s 33,000 22,000 13,000 Pre 1 of 4 Next > COPY TO CLIPBOARD

Solution

Revenues Consulting Revenue 33000 Rental revenue 22000 Total revenues 55000 Expenses: Salaries expense 20000 Rent expense 12000 Selling and administrative expense 8000 Total expenses 40000 Net income 15000