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 theprior yearwas $230,220]; and (c) the balance sheet as of December 31.

Depreciation expense Equipment 20, 500 Salaries expense 182,000 Wages expense 42, 000 Interest expense 34, 400 Office supplies expense 33, 600 Advertising expense 59,000 3.33 Repairs expense Automobiles 25, 000 points Totals $1, 272, 800 $1, 272, 800 eBook Required: Print 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 $230,220]; and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 Mc GrawC Debit Credit Cash $ 151, 100 Accounts receivable 54,090 Interest receivable 19, 200 3.33 Notes receivable (due in 90 days) 170, 000 points Office supplies 16,500 Automobiles 166, 000 Accumulated depreciation-Automobiles $ 80,000 Equipment 146, 000 eBook Accumulated depreciation-Equipment 21, 000 Land 83, 000 Print Accounts payable 105, 000 Interest payable 40, 000 Salaries payable 19,000 Unearned fees 42, 000 Long-term notes payable 150, 000 Common stock 25, 580 Retained earnings 230, 220 Dividends 44, 000 Fees earned 524,000 Interest earned 36,000 Depreciation expense-Automobiles 26, 500 Depreciation expense-Equipment 20, 500 Salaries expense 182,000 Wages expense 42, 000 Interest expense 34, 400 Office supplies expense 33, 600 Advertising expense 59,000 Repairs expense-Automobiles 25,000 Totals $1, 272, 800 $1, 272, 800 Mc