The adjusted trial balance for Chiara Company as of December 31 follows.

87,800 50,000 22,600 168,500 15,500 168,000 $ 90,000 136,000 19,000 78,000 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 Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals 96,000 20,000 19,000 40,000 142,000 29,580 266,220 55,000 474,000 20,000 25,500 22,000 186,000 47,000 32,800 35,000 59,500 26,600 $1,215,800 $1,215,800 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 retained earnings for the year ended December 31 (Note: Retained Earnings at December 31 of the prior year was $266,220]; 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 Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 Required A Required B Required C Prepare the statement of retained earnings for the year ended December 31. [Note prior year was $266,220.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec.31 prior year end Retained earnings, Dec. 31 current year end $ Required A Required B Required C ---------- Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31