Prepare the income statement, statement of owners equity, and balance sheet

oooo T-Mobile '3 7:47 PM 0' 24% [E' ezt0.mheducati0n.com C . com Accl'l Fe 2015; Semi-sa Cl 803 "AF Derek Herriance-Z [ACCOUNTING Ch 3 Homework instructions 1 help ( Ouestions S 6 (of 6) V > El fl V Save & Exit Submit Problem 3-5A Preparing financial statements from the adjusted trial balance and calculating profit margin LO P3, A1, A2 [The following information applies to the questions displayed below. ] The adjusted trial balance for Chiara Company as of December 31. 2013. follows. Debt! Credit Cash 3 30.000 Accounts recervable S2.000 Interest recervable 18.000 Notes receivable (due In 90 days) 168000 Office supplies 16.000 Automobiles 168.000 Accumulated depreciation-Automobiles S S0.000 Equipment 138.000 Accumulated deprecatlon-Equrpment l8.000 Land 78.000 Accounts payable 96.000 Interest payable 20.000 Salaries payable l9.000 Unearned fees 30.000 Long-term notes payable 138.000 R. Chiara, Capital 255300 R. Chiara, Withdrawals 46.000 Fees earned 484.000 Interest eamed 24.000 Depreciation expense-Automobiles 26.000 Depreciation expense-Equipment 18.000 Salaries expense 188.000 Wages expense 40.000 Interest expense 32.000 Office supplies expense 34000 Advertlsmg expense 58.000 Repairs expense-Automobiles 24.800 Totals 3 l.l34.800 S 1.134.800 References Section Break Problem 3-5A Preparing financral statements from the adjusiea trial balance and calculating profit margin LO P3. A1.A2 5 value' Required information ' 5.00 points Problem 3-5A Part 1 Required: "al Prepare the income statement for the year ended December 31, 2013. A2 Comuulc prem rmugm and ucscnuc lls usc Ill analyzing company pcrlcrmunuu Problem 35A Part1 Learning Objective; 03-A1 Lcammg Objective 03-P3 Pmparc financeal Stalmncnls Explain how accoummg from an amuslud lll'dl buanuu adjustments lmk to funancral statements. Check my work 6 "'W Required Inforrnatson ' 3.00 points Problem 3-5A Part 2 2- Calculate the profit margin for year 2013. '- Prom mum --1 Letter)" Numenton' L Chooee Denomlnetor: . L - Prem mergln J I I Prom margin