The adjusted trial balance for Chiara Company as of December 31 follows 7 Debit 95,600 51,500 22,600 171,000 17,000 166,000 Credit Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies 46:15 Automobiles 55,000 Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment 142,000 28,000 84,000 Land 92,000 55,000 20,000 38,000 156,000 28,580 257,220 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 52,000 484,000 24,000 25,000 21,500 184,000 44,000 34,000 33,800 63,000 30,800 Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals $1,237,800 $1,237,800 GHAR Income Statement For Year Ended December 31 Revenues Fees earned 484,000 24,000 Interest earned Total revenues $ 508,000 Expenses 4P Net income Required B > - Chapters 1-6 i Saved Requirea: Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31, (b) t statement of retained earnings for the year ended December 31 [Note. Retained Earnings at December 31 of the prior year $257,220], and (c) the balance sheet as of December 31 Complete this question by entering your answers in the tabs below. Required C Required B Required A Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at December 31 of the prior year was $257,220.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec 31 prior year end 0 0 S Retained earnings, Dec 31 current year end Required C Required A 27 of 30 Next Prev atance Sheet December 31 Assets S Liabilities Equity equired