the adjusted trial balance for chiara company as of december 31 follows.

The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 201,400 53,500 18,800 169,500 16,500 174,000 $ 95,000 140,000 17,000 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 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 102,000 50,000 23,000 42,000 152,000 33,580 302,220 50,000 494,000 36,000 27,000 19,500 190,000 46,000 33,600 35,000 59,000 26,000 $1,346,800 $1,346,800 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 $302.220); and (c) the balance sheet as of December 31