The adjusted trial balance for Chlara 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 eamings 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. Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31 . Requlred: 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 Eamings at December 31 of the prior year was $221,220 ]; and (c) the balance sheet as of December 31 . 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 December 31 of the prior year was $221,220.1 Prepare Chiara Company's balance sheet as of December 31