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Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at December 31 of the orior year was $266,220.] Prepare Chiara Company's balance sheet as of December 31 . CHIARA COMPANY Balance Sheet December 31 n..... The adjusted trial balance for Chiara 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 earnings for the year ended December 31 [Note. Retained Earnings at December 31 of the prior year wa $266.220. ] 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