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 was $235,800.]; and

(c) The balance sheet as of December 31.

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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 revenue.. Long-term notes payable Common stock. Retained earnings. Debit $ 30,000 52,000 18,000 168,000 16,000 168,000 138.000 78,000 Credit $ 50,000 18,000 96,000 20,000 19,000 30,000 138,000 20,000 235,800