The adjusted trial balance for Chiara Company as of December 31 follows. Cash Accounts receivable Debit $ 179,900 Credit 54,000 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 22,600 170,000 15,500 169,000 $ 70,000 146,000 19,000 82,000 98,000 35,000 16,000 46,000 Long-term notes payable 150,000 R. Chiara, Capital 295,000 R. Chiara, Withdrawals 48,000 Services revenue 574,000 Interest revenue 26,000 Depreciation expense-Automobiles 27,500 Depreciation expense-Equipment 21,500 Salaries expense 191,000 Wages expense 44,000 Interest expense 33,000 Office supplies expense 33,600 Advertising expense 61,000 Repairs expense-Automobiles 31,200 Totals $ 1,329,800 $ 1,329,800 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 $295,800. and there were no owner investments in the current year); and (c) the balance sheet as of December 31.