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Common stock Retained earnings Dividends 28,580 257,220 44,000 Services revenue 474,000 Interest revenue 30,000 Depreciation expense-Automobiles 28,000 Depreciation expense-Equipment 20,500 ts Salaries expense 191,000
Common stock Retained earnings Dividends 28,580 257,220 44,000 Services revenue 474,000 Interest revenue 30,000 Depreciation expense-Automobiles 28,000 Depreciation expense-Equipment 20,500 ts Salaries expense 191,000 Wages expense 45,000 eBook Print Interest expense Advertising expense 36,000 office supplies expense 33,400 63,500 Repairs expense-Automobiles Totals 25,200 $ 1,247,800 $ 1,247,800 eferences 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. Complete this question by entering your answers in the tabs below. 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
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