Required information [The following information applies to the questions displayed below.] The adjusted trial balance for Chiara Company as of December 31 follows. Credit $ Debit 176,600 53,500 21,800 170,500 17,000 170,000 $ 105,000 144,000 26,000 Land 82,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation Automobiles Equipment Accumulated depreciation-Equipment Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals 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 95,000 30,000 17,000 36,000 144,000 315,800 47,000 524,000 36,000 26,000 22,000 185,000 45,000 36,600 35,400 65,000 31,400 $1,328,800 $1,328,800 Required: 1(a) Prepare the income statement for the year ended December 31. 1(b) Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara, Capital at Dec. 31 of the prior year was $315,800.] 1(c) Prepare Chiara Company's balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 1C Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 $ 0 0 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara, Capital at Dec. 31 of the prior year was $315,800.] CHIARA COMPANY Statement of Owner's Equity For Year Ended December 31 R. Chiara, Capital, Dec 31 prior year end 0 R. Chiara, Capital, Dec. 31 current year end $ 0 Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 1C Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 0 0 $ 0