The adjusted trial balance for Chiara Company as of December 31 follows. 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 revenue Long-term notes payable Common stock Retained earnings Dividends Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals Debit $ 169,700 Credit 55,500 21,000 170,000 16,500 173,000 $ 60,000 140,000 25,000 88,000 98,000 25,000 16,000 30,000 152,000 30,580 275,220 52,000 584,000 22,000 26,000 20,000 184,000 43,000 34,800 35,800 61,500 27,000 $ 1,317,800 $ 1,317,800 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for th statement of retained earnings for the year ended December 31 [Note: Retained Earnings $275,220.]; and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the income statement for the year ended December 31. CHIARA COMPANY