The adjusted trial balance for Chiara Company as of December 31 follows Credit Debit $ 168,000 52,500 19,000 171.000 17,000 169,000 $ 95.000 138,000 19,000 85.000 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 Tees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Total 93,000 30.000 23,000 10,000 142,000 33,580 302,220 53,000 504.000 26,000 24,500 20,000 191,000 42,000 37,000 33,800 59,000 28,000 $1,307,800 $1,307,800 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 S302,220) 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 C Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 Assets Cash $ Accounts receivable Office supplies Interest receivable 168,000 52 500 17,000 19,000 Complete this question by entering your answers in the tabs below. Required A Required B Required c Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 Assets Cash $ 168,000 Accounts receivable 52,500 Office supplies 17,000 Interest receivable 19,000 Notes receivable 171,000 Automobiles $ 169,000 74,000 Accumulated depreciation - Automobiles Equipment Accumulated depreciation Equipment 95,000 138,000 19,000 119,000 Land 85,000 Total assets $ 705,500 Liabilities $ 93,000 Accounts payable Interest payable Salaries payable Unearned fees 30.000 23,000 40,000 Long-term notes payable 142,000 Total liabilities 328,000 Equity 0 $ 328,000