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kmarks Google 1.8 oz Sinking swim... Lure building, paint... 30 Problem 3-4A (Static) Preparing financial statements from the ac The adjusted trial balance for Chiara Company as of December 31 follows. Credit $ Debit 30, eee 52, eee 18,898 168, eee 16, eee 168,eee $ se, eee 138,00 18, ese 28,00 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 revenue Long-term notes payable Common stock Retained earnings Dividends Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense Automobiles Totals 96,000 28,888 19,00 38.000 138,00 20.000 235,800 es 45,000 484. eae 24.ee 25,000 18, 188, eee 40,00 32.000 34,00 58.ee 24.800 $1,234,800 $1,134,800 Required: Use the information in the adjusted trial balance to prepare (a) the income statement statement of retained earnings for the year ended December 31 (Note: Retained Earr $235.8001, and (c) the balance sheet as of December 31 touin umur answers in the tabs below. statement of retained earnings for the year ended December 31[Note: Retained $235,800); 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 $ 0 Required B > Use the informat statement of retained earnings for the year ended December $235.800); and (c) the balance sheet as of December 31. Complete this question by entering your answers in the ta Required A Required B Required C Prepare the statement of retained earnings for the year ended Dece prior year was $235,800.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings. Dec. 31 prior year end Retained earnings, Dec. 31 current year end $ 0