WHAT AM I MISSING???

The adjusted trial balance for Chiara Company as of December 31 follows. Credit $ Debit 84,700 55,500 21,200 170,000 16,500 171,000 $ 70,000 144,000 17,000 79,000 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 Common stock Retained earnings Dividends 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 95,000 35,000 25,000 38,000 144,000 28,580 257,220 55,000 484,000 30,000 27,000 20,000 186,000 39,000 36, 400 33, 400 58,500 26,600 $1,223,800 $1,223,800 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 $257,220]; and (c) the balance sheet as of December 31. 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 Revenues Fees earned $ 484,000 30,000 Interest earned Total revenues $ 514,000 Expenses Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expenseAutomobiles Depreciation expense-Automobiles Depreciation expense-Equipment (186,000) (39,000) (36,400) (33,400) (58,500) (26,600) (27,000) (20,000) (426,900) 87,100 Net income $ Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at De prior year was $257,220.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec.31 prior year end $ 257,220 Add: Net income 87,100 344,320 Less: Dividends (55,000) Retained earnings, Dec. 31 current year $ 289,320 end Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 Assets $ 84,700 Accounts receivable 55,500 Interest receivable 21,200 Notes receivable 170,000 Office supplies 16,500 Automobiles $ 171,000 101,000 Accumulated depreciationAutomobiles Equipment Accumulated depreciation Equipment (70,000) 144,000 (17,000) 127,000 Land 79,000 Total assets $ 654,900 > Liabilities $ Accounts payable Interest payable Salaries payable 95,000 35,000 OOOOO 25,000 Unearned fees 38,000 Long-term notes payable Total liabilities 144,000 337,000 Equity Common stock 28,580 Retained earnings 16,500 Uffice supplies Automobiles $ 171,000 101,000 Accumulated depreciation-Automobiles Equipment Accumulated depreciation Equipment (70,000) 144,000 (17,000) oooo 127,000 79,000 Land Total assets $ 654,900 Liabilities $ 95,000 Accounts payable Interest payable Salaries payable OOO 35,000 25,000 38,000 Unearned fees Long-term notes payable 144,000 Total liabilities 337,000 Equity > Common stock 28,580 Retained earnings Total equity 28,580 Total liabilities and equity $ 365,580