The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Credit $ Debit 252,000 55,500 19,400 171,500 17,000 169,000 105,000 136,000 21,000 83,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) office supplies Automobiles Accumulated depreciation Automobiles Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term potes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals 106,000 40,000 18,000 40,000 152,00 34,580 311,220 49,000 524,000 26,000 26,000 19,500 184,000 40,000 36,000 33,600 61,500 24,800 $1,377,800 $1,377,800 Problem 3-5A Part 1 Required: (a) Prepare the income statement for the year ended December 31, 2017 1(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