Required information Problem 3-5A Preparing financial statements from the adjusted trial balance and 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 $ Debit 30,000 52,000 18,000 168,000 16,000 168,000 $ 50,000 138,000 18,000 78,000 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 fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense- Automobiles Depreciation expense- Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense- Automobiles Totals 96,000 20,000 19,000 30,000 138,000 20,000 235,800 46,000 484,000 24,000 26,000 18,000 188,000 40,000 32,000 34,000 58,000 24,800 $1,134,800 $1,134,800 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Prepare the statement of retained earnings for the year ended December 31, 2017. CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 Add: Net income 0 Less: Dividends Retained earnings, 0 December 31, 2017 $ Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Prepare Chiara Company's balance sheet as of December 31, 2017. CHIARA COMPANY Balance Sheet December 31, 2017 0 0 O $ 0 0 0 $ Choose Numerator: Net income Profit margin 1 Choose Denominator: / Net sales 1 Profit margin Profit margin 0