Credit $ Debit 155,000 52,000 21,800 171,500 16,000 167,000 $ 80,000 140,000 26,000 80,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation, Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals 99,000 40,000 25,000 40,000 146,000 295,800 54,000 504,000 34,000 25,500 18,000 189,000 38,000 33,800 35,600 62,000 30, 600 $1,289,800 $1,289,800 Required: 1(a) Prepare the income statement for the year ended December 31. 1(b) Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara, Capital at Dec. 31 of the prior year was $295.800.) 1(c) Prepare Chiara Company's balance sheet as of December 31