The adjusted trial balance for Chiara Company as of December 31 follows. Cash 45 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 revenue Debit Credit $ 203,200 55,500 21,000 168,500 17,000 174,000 $ 95,000 136,000 17,000 82,000 91,000 25,000 20,000 36,000 Long-term notes payable 146,000 R. Chiara, Capital 345,800 R. Chiara, Withdrawals 54,000 Services revenue 554,000 Interest revenue 20,000 Depreciation expense-Automobiles 25,000 Depreciation expense-Equipment 18,500 Salaries expense 187,000 Wages expense 48,000 Interest expense 37,200 Office supplies expense 35,000 Advertising expense 68,500 Repairs expense-Automobiles 27,400 Totals $1,349,800 $ 1,349,800 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 $345,800. and there were no owner investments in the current year.]; and (c) the balance sheet as of December 31. 50:29 Required A Required B Required C Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 $ 0 0 02:50:20 Required B Required C Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara, Capital at December 31 of the prior year was $345,800, and there were no owner investments in the current year.] CHIARA COMPANY Statement of Owner's Equity For Year Ended December 31 R Chiara, Capital, December 31 prior year Add Investments by owner 0 0 R. Chiara, Capital, December 31 current year $ 0 Sheet as of Dece CHIARA COMPANY Balance Sheet December 31 31. 0 0 $ 0 0