Test 11 Chapters 1-3 NOT Proctored Problem 3-5A Preparing financial statements from the adjusted trial balance and computing profit margin LO P3, A1, A2 36 The following information applies to the questions displayed below] The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Credit $ 125,00 Accounts receivable receivable (due in a days) 19.000 170,000 17.00 Accumulated depreciation-utomobiles Equipment Accumulated depreciation Equipment 100.000 Interest payable notes payable 32.00 142.000 25,580 24,00 Depreciation expense-quipment Bagair expense Automobiles 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 1A Red 18 Renc Prepare the income statement for the year ended December 31, 2017 CHIARA COMPANY Test 1 Chapter 13 NOT Proctored Help Save Submit 36 Required information Problem 3-5A Preparing financial statements from the adjusted trial balance and computing profit margin LOP3, A1, A2 The following information applies to the questions displayed below! The adjusted trial balance for Chiara Company as of December 2017 follows Accounts receivable Notes receivable (de days) 14.00 35.00 Repairs expense-tables Problem 3-5A Part 1 Required: Prepare the income statement for the year ended December 2017 bj Prepare the statement of retained earnings for the year ended December 31 2017 c) Prepare Chara Company's balance sheet as of December 21 2017 Complete this question by entering your answers in the tabs below RIA BRIC Prepare the statement of retained earnings for the year ended December 31, 2017 CHE COMPANY 2011 For Year Redes December 31, 2016 {Reg 1A [The following information applies to the questions displayed below) The adjusted trial balance for Chiara Company as of December 31, 2017, follows. $ Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Debit 125,360 50,see 19,500 170,000 17,000 169,000 60, 86,000 Accumulated depreciation Automobiles Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Salar les payable Unearned fees Long-term notes payable Common stock Retained earnings 23.000 142,000 564,000 Interest earned Depreciation expenseutonobiles Office supplies expense Repairs expense-Automobiles Totals 31,261,000 $1,261,50 Problem 3-5A Part 1 Required: 1) Prepare the income statement for the year ended December 31 2017 1) Prepare the statement of retained earnings for the year ended December 31, 2017 cPrepare Chiara Company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below Reg 18 ReqC Prepare the income statement for the year ended December 31, 2017 CHARA COMPANY Income Statement For Year Ended December 31, 2017