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The adjusted trial balance for Chiara Company as of December 31 follows. Credit Dabit $ 133,800 54,000 22,200 171,000 17,000 166,000 $ 60,000 140,000 23,000
The adjusted trial balance for Chiara Company as of December 31 follows. Credit Dabit $ 133,800 54,000 22,200 171,000 17,000 166,000 $ 60,000 140,000 23,000 82,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) office supplies Automobilen Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Solarien payable Unearned teen Tong-term notes payable Common stock Retained earnings Dividenda Yeon carned Interest earned Depreciation expense-Automobiles Depreciation expense-Iquipment Solar les expense Wage expense Tnterest expense office supplies expenso Advertising expense Repairu expenue-Automobiles Totals 100,000 50,000 17,000 38,000 148,000 25,580 230,220 56,000 564,000 20,000 26,000 19,500 187,000 44,000 38,000 34,600 60,500 32,200 $1,283,800 $1,283,800 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 $230,220); and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the Income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 Red Required B > CHIARA COMPANY Balance Sheet December 31
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