The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit Cash $ 153,500 Accounts receivable 50,500 Interest receivable 19,400 Notes receivable (due in 90 days) 172,000 Office supplies 15,500 Automobiles 169,000 Accumulated depreciationAutomobiles $ 55,000 Equipment 138,000 Accumulated depreciationEquipment 18,000 Land 83,000 Accounts payable 99,000 Interest payable 35,000 Salaries payable 19,000 Unearned revenue 38,000 Long-term notes payable 154,000 R. Chiara, Capital 345,800 R. Chiara, Withdrawals 48,000 Services revenue 484,000 Interest revenue 32,000 Depreciation expenseAutomobiles 27,500 Depreciation expenseEquipment 18,500 Salaries expense 182,000 Wages expense 41,000 Interest expense 38,000 Office supplies expense 35,400 Advertising expense 63,500 Repairs expenseAutomobiles 25,000 Totals $ 1,279,800 $ 1,279,800 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.