Question: Problem 3-4A Preparing financial statements from the adjusted trial balance LO P6 The adjusted trial baiance for Chiara Company as of December 31 follows. Use

P6 The adjusted trial baiance for Chiara Company as of December 31

follows. Use the information in the adjusted thal balance to prepare fa)

the income statement for the year ended December 31 , (b) the

Problem 3-4A Preparing financial statements from the adjusted trial balance LO P6 The adjusted trial baiance for Chiara Company as of December 31 follows. Use the information in the adjusted thal balance to prepare fa) the income statement for the year ended December 31 , (b) the Required: statement of retained eamings for the year ended Decemiber 31 [Note Retained Earnings at December 31 of the prior year was $230,220) and (c) the balance sheet as of December 31 . ...... sha inmama etatamant for the vear ended December 31. Prepare the statement of retained eamings for the year ended December 31 . [Note: Retained Eamings at December 31 of the prior year was $230,220.1

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