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 31; (b) the statement of retained earnings for the year ended December 31 [Note: Retained Earnings at December 31 of the prior year was $320,220.]; and (c) the balance sheet as of December 31 . \begin{tabular}{|l||l|l|} \hline Required A & Required B & Required C \\ \hline \end{tabular} Prepare the income statement for the year ended December 31. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ CHIARA COMPANY } & \\ \hline \multicolumn{2}{|c|}{ Income Statement } & \\ \hline For Year Ended December 31 & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \hline & & \\ \hline \hline & & \\ \hline & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at prior year was $320,220. Required A Required B Required C Prepare Chiara Company's balance sheet as of December 31 . CHIARA COMPANY Balance Sheet December 31