The adjusted trial balance for Chiara Company as of December 31 follows. Required: Use the information in the adjusted trial bolance to prepare (a) the income statement for the year ended December 3 t: (b) the statement of owner's equity for the year ended December 31 I Note. R. Chiara, Capital at December 31 of the prior year was $275,800. and there were no owner investments in the current year.) : and (c) the balance sheet as of December 31 . Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31 . The adjusted trial balance for Chiara Company as of December 31 follows. Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31 ; (b) the statement of owner's equity for the year ended December 31 [Note: R. Chiara, Capital at December 31 of the prior year was $275,8C and there were no owner investments in the current year.] ; and (c) the balance sheet as of December 31, Complete this question by entering your answers in the tabs below. Prepere the statement of owner's equity for the year ended December 31, (Note: R. Chiara, Capital at December 31 of the prior year was $275,800, and there were no owner investments in the current year.) 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 owner's equity for the year ended December 31 [Note. R. Chiara. Capital at December 31 of the prior year was $275,800, and there were no owner investments in the current year.] ; and (c) the balance sheet as of December 31, Complete this question by entering your answers in the tabs below. Prepare Chlara Company's balance sheet as of December 31