The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 138, 700 51,500 20,200 171,000 16,500 172,000 $ 90,000 142,000 16,000 83,000 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 R. Chiara, Capital R. Chiara, Withdrawals 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 91,000 50,000 23,000 34,000 142,000 355,800 52,000 464,000 22,000 27,500 19,000 189,000 39,000 37,600 33,600 63,000 32,200 $1,287,800 $ $1,287,800 Required: 1(a) Prepare the income statement for the year ended December 31. . 1(b) 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. . Req 1A Reg 1B Req 10 Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 Req 1A Reg 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 end Req 1A Req 1B Req 1C Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31