The adjusted trial balance for Chiara Company as of December 31 follows. Cash Accounts receivable Debit $ 64,800 52,000 Credit Interest receivable 19,200 Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable 171,000 16,000 168,000 $ 65,000 146,000 26,000 88,000 97,000 Interest payable 40,000 Salaries payable 18,000 Unearned revenue 42,000 Long-term notes payable 150,000 Common stock 27,580 Retained earnings 248,220 Dividends 54,000 Services revenue 474,000 Interest revenue 34,000 Depreciation expense-Automobiles 27,000 Depreciation expense-Equipment 21,500 Salaries expense 190,000 Wages expense Interest expense Advertising expense 42,000 38,000 Office supplies expense Repairs expense-Automobiles Totals Required: 33,600 64,500 26,200 $ 1,221,800 $ 1,221,800 Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31; (b) the tatement of retained earnings for the year ended December 31 [Note: Retained Earnings at December 31 of the prior year was 248,220.]; and (c) the balance sheet as of December 31.