The adjusted trial balance for Chiara Company as of December 31, 2015, follows. Debit Credit Cash $ 284,500 Accounts receivable 53,500 Interest receivable 22,200 Notes receivable (due in 90 days) 169,000 Office supplies 15,500 Automobiles 168,000 Accumulated depreciationAutomobiles $ 105,000 Equipment 134,000 Accumulated depreciationEquipment 26,000 Land 88,000 Accounts payable 96,000 Interest payable 30,000 Salaries payable 23,000 Unearned fees 34,000 Long-term notes payable 156,000 R. Chiara, Capital 355,800 R. Chiara, Withdrawals 53,000 Fees earned 574,000 Interest earned 22,000 Depreciation expenseAutomobiles 27,000 Depreciation expenseEquipment 19,000 Salaries expense 182,000 Wages expense 44,000 Interest expense 37,000 Office supplies expense 35,200 Advertising expense 58,500 Repairs expenseAutomobiles 31,400 Totals $ 1,421,800 $ 1,421,800 1.value: 16.66 pointsRequired information

Required: 1(a) Prepare the income statement for the year ended December 31, 2015.

Prepare the statement of owner's equity for the year ended December 31, 2015.

Prepare Chiara Company's balance sheet as of December 31, 2015.