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 R. Chiara, Capital R. Chiara, Withdrawals 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 Debit $ 254,600 53,500 23,000 172,500 Required C 15,500 165,000 146,000 78,000 47,000 CHIARA COMPANY Income Statement For Year Ended December 31 25,000 19,500 188,000 42,000 33,600 35,400 65,000 Complete this question by entering your answers in the tabs below. 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 owner's equity for the year ended December 31 [Note: R. Chiara, Capital at December 31 of the prior year was $325,800, and there were no owner investments in the current year.]; and (c) the balance sheet as of December 31. Prepare the income statement for the year ended December 31. Credit $ 95,000 21,000 99,000 45,000 15,000 44,000 29, 200 $ 1,392,800 $ 1,392,800 $ 0 154,000 325,800 564,000 30,000

Prepare the statement of owner's equity for the year onded December 31. [Note: R. Chiara, Capital at December 31 of the prior year was $325,800, and there were no owner investments in the current year.] 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 year ended December 3t; (b) the statement of owner's equity for the year ended December 31 [Note. R. Chiara, Copital at December 31 of the prior year was $325,800, and there were no owner investments in the current year.]; 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 vear ended December X. Complete this question by entering vour answers in the tabs below. Frebare the inoome statement for the yeacended December 31