The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 162,600 51,000 18,200 168,500 16,500 174,000 $ 55,000 134,000 17,000 83,000 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 carned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals 104,000 20,000 25,000 32,000 150,000 27.580 248, 220 51,000 584,000 34,000 27, doo 17,500 187,000 46,000 38,000 33,800 61,500 27,200 $1,296,800 $1,296,800 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 $248,220); and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below