Required I II Problem 3-5A Preparing financial statements from the adjusted trial balance and computing profit margin LO P3, A1, A2 The following information applies to the questions displayed below.] The adjusted trial balance for Chiara Company as of December 31, 2017, follows Credit $ Debit 78,400 55.699 22,800 169,000 15.500 169.000 $ 55,00 142,000 18,000 84,000 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 93,000 40,000 23,00 28,00 148,000 28.58e 53,000 25,500 19. 188.00 Office supplies expense Advertising expense Repairs expense Automobiles Totals Problem 3-5A Part 1 Required: 1a) Prepare the income statement for the year ended December 31, 2017 1(b) Prepare the statement of retained earnings for the year ended December 31, 2017 1(c) Prepare Chiara Company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req IC Prepare the statement of retained earnings for the year anded December 31, 2017 CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 Retained earnings December 31, 2017 5 0