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4 Can 10 DO doo Heference The adjusted trial balance for Chiara Company as of December 31 follows. Debt $ 72,500 Accounts receivable Interest recevable

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4 Can 10 DO doo Heference The adjusted trial balance for Chiara Company as of December 31 follows. Debt $ 72,500 Accounts receivable Interest recevable 51.500 Notes receivable de la 30 days) 20.00 172.500 office aupplies 16,000 Automobiles 169,000 Accumulated depreciation Automobiles Fuent 575,000 146,000 Accumulated depreciation-qoipment Land 21.000 79.000 Accounts payable 100,000 Interest payable 20,000 Salarios payable 20,000 Unearned revenue 34.000 Long-term notes payable 152.000 Canton stock 28,500 Hetained earnings 257,220 Dividende 40.000 Services revenue 484,000 Interest revenue 20.000 Depreciation expense-Automobiles 26,000 Depreciation expense-Equipment 20,500 salaries expense 191.000 Wages expe 48,000 Interest expenso 32,200 office supplier expense 34,600 Advertising expense 61,000 Repairs expense-Automobiles 29,200 Total $1,215,800 $ 1,215,800 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 $257.220.); and (c) the balance sheet as of December 31. Mc 7 Nequired Use the information in the adjusted trial balance to prepare() the income statement for the year ended December the statement of retained earnings for the year ended December 31 (Note Retained Earnings at December 31 of the prior year was $257.220): and (c) the balance sheet as of December 31, Complete this question by entering your answers in the tabs below. Required A Required Required Prepare the statement of retained earnings for the year ended December 31. [Note: Retained earnings at December 31 of the prior year was $257,220.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end 0 $ 0 Retained earnings, December 31 current year end Required A Required C >

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