The adjusted trial balance for Chiara Company as of December 31, 2017, follows.

	Debit			Credit
Cash	$	225,300
Accounts receivable		51,000
Interest receivable		20,000
Notes receivable (due in 90 days)		172,000
Office supplies		16,000
Automobiles		169,000
Accumulated depreciationAutomobiles				$	105,000
Equipment		146,000
Accumulated depreciationEquipment					19,000
Land		84,000
Accounts payable					103,000
Interest payable					40,000
Salaries payable					23,000
Unearned fees					34,000
Long-term notes payable					152,000
Common stock					29,580
Retained earnings					266,220
Dividends		54,000
Fees earned					574,000
Interest earned					36,000
Depreciation expenseAutomobiles		28,000
Depreciation expenseEquipment		21,500
Salaries expense		191,000
Wages expense		47,000
Interest expense		34,000
Office supplies expense		33,800
Advertising expense		64,000
Repairs expenseAutomobiles		25,200
Totals	$	1,381,800		$	1,381,800

2. Calculate the profit margin for year 2017.

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