The adjusted trial balance for Chlora Company as of December 31 follows. Credit 3 Debit 55,800 54,500 21,800 172,000 16,500 169,000 50,000 145.000 17.000 35,000 Canh Accounts receivable Interest receivable Notes receivable due in 90 days) oftlee wupplies Automobile Accumulated depreciation Automobiles Equipment Accumulated, depreciation Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings Dividends Fees warned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment salaries expense Wagen expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totale 100,000 45,000 24.000 38,000 140.000 30,50 275, 220 48,000 474,000 26.000 27,500 19.500 190,000 39,000 37,000 33,600 52,000 32,600 31,219,800 $1,219,800 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 $275,220); and (c) the balance sheet as of December 31 Required: Use the information in the adjusted trial balance to prepare the income statement for the year ended Decembet statement of retained earnings for the year ended December 31 (Note: Retained Erings December of the prior www $275,220); and (c) the balance sheet as of December 31 Complete this question by entering your answers in the tabs below. Required A Required Required Prepare the income statement for the year ended December 31 CHIARA COMPANY Income Statement For Yoar Ended December 31 $