The adjusted trial balance for Chiara Company as of December 31 follows Debit Cash Credit 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 $ 70,500 55,500 22,400 170,500 17,000 172,000 $ 65,00 142,000 26,000 85,000 104,000 45,00 Salaries payable 18.000 Unearned revenue 44,000 Long-term notes payable 144,000 Common stock 25,580 Retained earnings 1230.220 Dividends 55,000 Services revenue 494,00 Interest revenue 36,000 Depreciation expense-Automobiles 25,000 Depreciation expense-Equipment 19,000 Salaries expense 188,000 wages expense 47,000 Interest expense Advertising expense 36,800 office supplies expense 35,200 60, 500 Kepairs expense-Automobiles 30,400 $1,231,800 $ 1,231,800 Totals 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 retained earnings for the year ended December 31 [Note. Retained Earnings at December 31 of the prior year was $230,220.); and (c) the balance sheet as of December 31.