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The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 30,000 52,000 18,000 168,000 16,000 168,000 $ 50,000 138,000 18,800 78,000 Cash Accounts receivable Interest receivable Notes receivable (due in 98 days) Office Supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Salaries payable Unearned revenue Long-term notes payable Comenon stock Retained earnings Dividends Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Hages expense Interest expense office supplies expense Advertising expense Repair's expense-Automobiles Totals 96,000 20,000 19,000 30,000 138,680 20,000 235,800 16,000 484,000 24,000 26,000 18,000 188,000 40,000 32,000 34,000 58,000 24,500 $ 1,134,500 $ 1,134,600 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 $235,800.); and (c) the balance sheet os of December 31 Complete this question by entering your answers in the tabs below. Required A Required B Required d Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 a GRETA Required B > Required A Required B Required c Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at December 31 of the prior year was $235,800.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings December 31 prior year end Retained earnings December 31 current year end Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 ances

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