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: Retained Earnings at December $31$ of the prior year was $$284,220.]$; and

$($c$)$ the balance sheet as of December $31.$

Complete this question by entering your answers in the tabs below.

Required $A$

Prepare the income statement for the year ended December $31.$

$\backslash$table$[[$CHIARA COMPANY,,$],[$Income Statement,,$],[$For Year Ended December $31,,],[,,],[,,],[,,],[,,]]$