The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 110,300 53,500 20,000 170,500 16,000 173,000 $ 65,000 144,000 22,000 85,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles aucom Accumulated depreciation-Automobiles Equipment Accumulated depreciation Equipment Land wand Accounts payable Interest payable Salaries payable Unearned revenue Long-term notes payable Common stock Retained earnings Dividends Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals 92,000 25,000 26,000 40,000 148,000 24,580 221,220 49,000 554,000 32,000 26,000 18,000 191,000 42,000 33,400 34,200 58,500 25,400 $ 1,249,800 $ 1,249,800 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 $221,220.); and (c) the balance sheet as of December 31