5 The adjusted trial balance for Chiara Company as of December 31 follows Debit Credit Cash 5 30.000 Accounts receivable 52,00 Interest receivable 18,000 Notes receivable (due in 90 days) 168,000 Office supplies 16,000 Automobiles 168,000 Accumulated depreciation Automobiles $ 50,000 Equipment 138,680 Accumulated depreciation Equipment 18,000 Land 70,000 Accounts payable 96,000 Interest payable 20.000 Salaries payable 19,000 Uneared revenue 30,00 Long-tern notes payable 138,00 Cormon stock 20,000 Retained earnings 235,800 Dividends 46,000 Services revenue 484,000 Interest revenue 24,000 Depreciation expense-Automobiles 26,000 Depreciation expense-Equipment 18,000 Salaries expense 130,000 Wages expense 40,000 Interest expense 32,000 office supplies expense 34.000 Advertising expense 58,000 Repairs expense Automobiles 24,800 Totats $ 1,134,800 $ 1,134,800 Required: Use the information in the adjusted trial balance to propore (a) the income statement for the year ended December 31 (b) the statement of retained earnings for the year ended December 31Noter 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. 10 Newt > Required A Required B Required C Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 Required Required B > Required A Required B Required Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Ea prior year was $235,800.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end Retained earnings, December 31 current year end