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The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Debit Credit Cash 30,000 52,000 18,000 168,000 16,000 168,000 Accounts receivable Notes

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The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Debit Credit Cash 30,000 52,000 18,000 168,000 16,000 168,000 Accounts 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 50,000 138,000 18,000 78,000 96,000 20,000 19,000 30,000 138,000 20.000 235,800 46,000 484,000 24,000 Salaries expense. Wages expense Interest expense .. Office supplies expense Advertising expense Repairs expense-Automobiles Totals.... 26,000 18,000 188,000 40,000 32,000 34,000 58,000 24,800 $1,.134 800 ,134,800 Required 1. U year ended December 31, 2017; (b) the statement of retained earnings for the year ended December 31, 2017: and (c) the balance sheet as of December 31, 2017. se the information in the adjusted trial balance to prepare (a) the income statement for the 2. Compute the profit margin for year 2017 (use total revenues as the denominator)

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