The adjusted trial balance for Chiara Company as of December 31 follows. Debit credit Cash 5 133,700 Accounts receivable 51,500 Interest receivable 20,200 Notes receivable (due in 90 days) 171,000 Office supplies 16,500 Automobiles 172,000 Accumulated depreciationAutomobiles $ 90,000 Equipment 142,000 Accumulated depreciationEquipment 16,000 Land 33,000 Accounts payable 91,000 Interest payable 50,000 Salaries payable 23,000 Unearned fees 34,000 Longterm notes payable 142,000 R. Chiara, Capital 355,300 R. Chiara, Withdrawals 52,000 Fees earned 464,000 Interest earned 22,000 Depreciation expenseAutomobiles 27,500 Depreciation expenseEquipment 19,000 Salaries expense 139,000 Wages expense 39,000 Interest expense 37,600 Office supplies expense 33,600 Advertising expense 53,000 Repairs expenseAutomobiles 32,200 Totals $1,237,300 $1,237,300 Required: 1(a) Prepare the income statement for the year ended December 31. 1(bl Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara. Capital at Dec. 31 of the prior year was $355,800.] 1(c) Prepare Chiara Company's balance sheet as of December 31. Complete this question by entering your answers In the tabs below. Prepare the income statement for the year ended December 31. Req 1A Req 1B Req 1C Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara, Capital at Dec. 31 of the prior year was $355,800.] CHIARA COMPANY Statement of Owner's Equity For Year Ended December 31 R. Chiara, Capital, Dec.31 prior year end R. Chiara, Capital, Dec. 31 current year endReq 1A Req 1B Req 1C Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31