The adjusted trial balance for Chiara Company as of December 31 follows. 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 revenue Long-term notes payable Common stock Retained earnings Dividends Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals Required A Required B Revenues Debit $ 129,300 55,000 20,000 Required C 172,500 16,500 167,000 142,000 87,000 Required A 53,000 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. Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 $ 24,500 19,500 188,000 40,000 33,400 35,400 60,500 26,200 $ 1,269,800 $ 1,269,800 Credit $ 55,000 25,000 100,000 20,000 24,000 32,000 0 148,000 33,580 302,220 0 494,000 36,000 Required B >

The adjusted trial balance for Chiara Company as of December 31 follows. Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the yoar ended December 34; (b) the statement of retained earnings for the year ended December 31 (Noter Retained Earnings at December 31 of the prior year was $302.220.3 and (c) the balance sheet as of December 31 . Complete this question by entering your answers in the tabs below. Trepare the income statement for the yeer ended December 31 . Prepare the statement of retained eamings for the year ended December 31. [Note: Retained Earnings at December 31 of the prior year was $302,220.1 Prepare Chiara Company's balance sheet as of December 31