Credit Debit $ 255,100 52,000 19,000 169,500 17,000 169,000 $ 100,000 142,000 25,000 OK 86,000 ht ences 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 Common stock Retained earnings Dividends 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 101,000 35,000 24,000 42,000 144,000 32,580 293, 220 50,000 574,000 26,000 26,500 18,000 187,000 48,000 33,200 33,600 64,500 26,400 $1,396,800 $1,396,800 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 ces 0 0 Required A Required B Required C Dok Prepare the statement of retained earnings for the year ended December 31. [Note: Retained prior year was $293,220.] rint rences CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec.31 prior year end 0 Retained earnings, Dec. 31 current year end $ CHIARA COMPANY Balance Sheet December 31 ces 0 0 0