-1:. Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31 ; (b) the statement of retained earnings for the year ended December 31 [ Note. Retained Earnings at December 31 of the prior year was $235,800.); and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31 . Prepare the income statement for the year ended December 31. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the year ended December 31 . prior year was $235,800.]