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

	Debit	Credit
Cash	$ 121,800
Accounts receivable	53,000
Interest receivable	21,200
Notes receivable (due in 90 days)	172,000
Office supplies	15,500
Automobiles	166,000
Accumulated depreciationAutomobiles		$ 90,000
Equipment	148,000
Accumulated depreciationEquipment		21,000
Land	77,000
Accounts payable		102,000
Interest payable		15,000
Salaries payable		22,000
Unearned revenue		32,000
Long-term notes payable		150,000
R. Chiara, Capital		255,800
R. Chiara, Withdrawals	52,000
Services revenue		534,000
Interest revenue		34,000
Depreciation expenseAutomobiles	25,500
Depreciation expenseEquipment	21,000
Salaries expense	184,000
Wages expense	45,000
Interest expense	37,000
Office supplies expense	34,000
Advertising expense	58,000
Repairs expenseAutomobiles	24,800
Totals	$ 1,255,800	$ 1,255,800

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 owner's equity for the year ended December 31 [Note: R. Chiara, Capital at December 31 of the prior year was $255,800, and there were no owner investments in the current year.] ; and (c) the balance sheet as of December 31.