PART C PLEASE!

Problem 3-4A Preparing financial statements from the adjusted trial balance LO P6 The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 158,600 55,500 21,800 171,000 16,500 166,000 $ 70,000 140,000 18,000 77,000 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 102,000 50,000 16,000 30,000 144,000 32,580 293, 220 48,000 524,000 24,000 26,500 18,500 191,000 47,000 37,200 33,400 64,000 31,800 $1,303,800 $1,303,800 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 $293,220]; and (c) the balance sheet as of December 31. Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 0 0 $ 0 0 0 $ $ 0