es & Problems. Chpt 3 Saved Help Save The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 72,500 51,500 20,800 172,500 16,000 169,000 $ 75,000 144,000 21.000 79,000 os 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 Dividendo Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense office supplies expense Advertising expense Repairs expense-Automobiles Totals 104,000 20,000 20,000 34,000 152,000 28,580 257,220 48,000 484,000 20,000 26,000 20.500 191,000 48,000 32,200 34,600 61,000 29,200 $ 1,215,800 $ 1,215,800 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. Complete thie Alcetinn hu antarinn aneware in that he hain 4 of 6 Seve 4 Required A Required B Oh Required Prepare the income statement for the year ended December 31 nts CHIARA COMPANY Income Statement For Year Ended December 31 Book Forences Required A Required B >