Required information (The following information applies to the questions displayed below.) The adjusted trial balance for Chiara Company as of December 31, 2018, 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, December 31, 2017 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 Required: 1(a) Prepare the income statement for the year ended December 31, 2018. 1(b) Prepare the statement of retained earnings for the year ended December 31, 2018. 1(c) Prepare Chiara Company's balance sheet as of December 31, 2018. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Prepare the income statement for the year ended December 31, 2018. CHIARA COMPANY Income Statement For Year Ended December 31, 2018 Req1A Req 1B > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 Prepare the statement of retained earnings for the year ended December 31, 2018. CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31, 2018 Retained earnings, December 31, 2017 | $ Add: Net income 235,800 87,200 323,000 46,000 277,000 Less: Dividends Retained earnings, December 31, 2018 | $ Req 1A Req 1B Req 1C Prepare Chiara Company's balance sheet as of December 31, 2018. CHIARA COMPANY Balance Sheet December 31, 2018 $