ORIGIN COmpung un Debit Credit Cash Accounts receivable Interest receivable $ 262,100 55,500 18,600 Notes receivable (due in 90 days) 169,000 Office supplies 16,500 Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable 169,000 $ 75,000 142,000 25,000 84,000 90,000 Interest payable Salaries payable Unearned revenue Long-term notes payable 45,000 20,000 42,000 148,000 Common stock Retained earnings 34,580 311,220 Dividends 52,000 Services revenue 574,000 Interest revenue! 30,000 Depreciation expense-Automobiles 27,000 Depreciation expense-Equipment 17,500 Salaries expense 182,000 Wages expense Interest expense Advertising expense 42,000 33,000 Office supplies expense Repairs expense-Automobiles Totals 35,800 64,000 24,800 $ 1,394,800 $ 1,394,800 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the y statement of retained earnings for the year ended December 31 [Note: Retained Earnings at D $311,220.]; and (c) the balance sheet as of December 31. 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 Revenues Services revenue Interest revenue $ 554,000 36,000 Total revenues Expenses Depreciation expense-Automobiles 25,000 Depreciation expense-Equipment 21,500 Salaries expense 184,000 Wages expense 41,000 Interest expense 34,600 Office supplies expense 35,400 Advertising expense 61,500 Repairs expense-Automobiles 29,200 Total expenses Net income $ 590,000 432,200 157,800 SLOLCHICIL VI I CLAINicu camillys I uit year CHOCO $311,220.]; 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 statement of retained earnings for the year ended December 31. [Note: Retained E prior year was $311,220.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end Add Dividends Less: Dividends Retained earnings, December 31 current year end $ 0 < Required A Required C > Assignment i CHIARA COMPANY Balance Sheet December 31 0 0 0 0