The adjusted trial balance for Chiara Company as of December 31, 2015, follows.

	Debit		Credit
Cash	$	180,900
Accounts receivable		53,000
Interest receivable		23,000
Notes receivable (due in 90 days)		170,000
Office supplies		16,000
Automobiles		169,000
Accumulated depreciationAutomobiles			$	85,000
Equipment		138,000
Accumulated depreciationEquipment				24,000
Land		78,000
Accounts payable				103,000
Interest payable				30,000
Salaries payable				23,000
Unearned fees				36,000
Long-term notes payable				142,000
Common stock				59,160
Retained earnings				236,640
Dividends		52,000
Fees earned				554,000
Interest earned				24,000
Depreciation expenseAutomobiles		26,500
Depreciation expenseEquipment		21,000
Salaries expense		190,000
Wages expense		38,000
Interest expense		33,800
Office supplies expense		34,600
Advertising expense		64,000
Repairs expenseAutomobiles		29,000
Totals	$	1,316,800	$	1,316,800
1A) Prepare the income statement for the year ended December 31, 2015. 1B) Prepare the statement of owner's equity for the year ended December 31, 2015. 1C) Prepare Chiara Company's balance sheet as of December 31, 2015. 2) Calculate the profit margin for year 2015.