The adjusted trial balance for Chiara Company as of December 31 follows. Credit $ Debit 118,500 54,000 20,200 170,000 15,500 167,000 47 $ 65,000 138,000 28,000 87,000 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 of tice supplies expense Advertising expense Repairs expense-Automobiles Totals 91,000 30,000 18,000 30,000 142,000 26,580 239,220 53,000 564,000 22,000 26,500 19,000 183,000 42,000 36,600 33,600 59,500 32,400 $1,255,800 $1,255,800 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 $239,220); and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below