[The following information applies to the questions displayed below.] The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 162,100 51,000 18,600 170,500 16,500 165,000 $ 95,000 144,000 24,000 78,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals 99,000 45,000 22,000 42,000 146,000 325,800 50,000 474,000 20,000 24,500 21,000 183,000 47,000 35,200 34,400 60,000 32,000 $1,292,800 $1,292,800 Required: 1(a) Prepare the income statement for the year ended December 31, 1(b) Prepare the statement of owner's equity for the year ended December 31. (Note: R. Chiara, Capital at Dec 31 of the prior year was $325,800.) 1(c) Prepare Chiara Company's balance sheet as of December 31 CHIARA COMPANY Income Statement For Year Ended December 31 Reg 1A Reg 1B Reg 10 Prepare the statement of owner's equity for the year ended December 31. [Note: R. Chiara, Capital at Dec. 31 of the prior year was $325,800.) CHIARA COMPANY Statement of Owner's Equity For Year Ended December 31 R. Chiara, Capital, Dec.31 prior year end R. Chiara, Capital, Dec. 31 current year end Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31