Problem 3-SA repay MIR computing 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, 2017 follows Credit 1 Accounts receivable Teterest receivable totes receivable (due in se days) Debit 78,400 55,000 22.300 169,000 15,500 169.000 $ 55,000 Accumulated depreciation Automobiles Equipment Accumulated depreciation Equipment 142.000 84,000 Interest payable 93.000 40.00 23.000 28.000 148,00 28,50 Unearned fees Long-term notes payable Betained Dividends ang 53,000 25,500 Depreciation expense-Equipment 45,000 32,000 Repairs expense Automobiles Totals $1,224,00 Problem 3-5A Part 1 Required: a) Prepare the income statement for the year ended December 31, 2017 b) Prepare the statement of retained earnings for the year ended December 31, 2017 1(c) Prepare Chiara Company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Red 18 R IC Prepare the income statement for the year ended December 31, 2017 CHARA COMPANY For Year Ended December 31, 2017 Reg 18 >