The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 116,700 55,500 21,600 172, een 15,500 170, eee 22 $ 50,000 144,000 24, eee 77, eee 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 fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense 94,000 20, eee 23,000 38, eee 146, eee 28,588 257, 220 51, eee 554, eee 28, eee 27,500 18,000 184,888 46,000 Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals 46,000 37,eee 34,800 64,000 28,200 $1,262,800 $1,262,880 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31: (b) t- statement of retained earnings for the year ended December 31 (Note: Retained Earnings at December 31 of the prior year $257.220); and (c) the balance sheet as of December 31 Complete this question by entering your answers in the tales below. Required A Required B Required Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 (hp) Income Statement For Year Ended December 31 37 S 0 0 1 Required A WE Required B Required Prepare the statement of retained earnings for the year ended December 31. (Note: Retained Earnings at December 31 of the prior year was $257,220.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec.31 prior year end 2:53:23 Book 0 Print rences Retained earnings, Dec. 31 current year end S 0 hp Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 32 es 0 0 0