Problem 3-4A (Algo) Preparing financial statements from the adjusted trial balance LO P5 The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit Cash $ 21,900 Accounts receivable 54,000 Interest receivable 22,200 Notes receivable (due in 90 days) 169,500 Office supplies 16,500 Automobiles 169,000 Accumulated depreciation-Automobiles 45,000 Equipment 148,000 Accumulated depreciation-Equipment 16,000 Land 78,000 Accounts payable 93,000 Interest payable 15,00 Salaries payable 24,000 Unearned revenue 40,000 Long-term notes payable 142,000 Common stock 24,580 Retained earnings 221, 220 Dividends 50,000 Services revenue 514,000 Interest revenue 36,000 Depreciation expense-Automobiles 26,000 Depreciation expense-Equipment 17,500 Salaries expense 190.000 Wages expense 46,000 Interest expense 36,400 Ottice supplies expenso 35,800 Advertising expense 61,000 Repairs expense-Automobiles 29.000 Totals $1,170,800 $1,170,800 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31; (b) the statement of retained earnings for the year ended December 31[Note: Reta hed Earnings at December 31 of the prior year was $221.220); 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 Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 Assets