The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Debit Credit Cash $ 149,700 Accounts receivable 53,500 Interest receivable 20,600 Notes receivable (due in 90 days) 169,500 Office supplies 16,000 Automobiles 172,000 Accumulated depreciationAutomobiles $ 95,000 Equipment 142,000 Accumulated depreciationEquipment 23,000 Land 78,000 Accounts payable 93,000 Interest payable 35,000 Salaries payable 24,000 Unearned fees 42,000 Long-term notes payable 144,000 R. Chiara, Capital 275,800 R. Chiara, Withdrawals 49,000 Fees earned 524,000 Interest earned 30,000 Depreciation expenseAutomobiles 24,500 Depreciation expenseEquipment 19,000 Salaries expense 186,000 Wages expense 43,000 Interest expense 36,800 Office supplies expense 34,800 Advertising expense 61,000 Repairs expenseAutomobiles 30,400 Totals $ 1,285,800 $ 1,285,800

Required: 1(a) Prepare the income statement for the year ended December 31, 2017. 1(b) Prepare the statement of owner's equity for the year ended December 31, 2017. 1(c) Prepare Chiara Company's balance sheet as of December 31, 2017.