The adjusted trial balance for Chiara Company as of December 31 follows. Cash Debit $216,500 Credit...

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The adjusted trial balance for Chiara Company as of December 31 follows. Cash Debit $216,500 Credit Accounts receivable 55,500 Interest receivable Notes receivable (due in 90 days) 20,200 169,000 Office supplies 15,500 Automobiles 172,000 Accumulated depreciation-Automobiles $ 55,000 Equipment Land Accounts payable 138,000 Accumulated depreciation-Equipment 20,000 81,000 90,000 Interest payable 50,000 Salaries payable 17,000 Unearned revenue Long-term notes payable 28,000 156,000 Common stock Retained earnings Dividends 32,580 293,220 52,000 Services revenue Interest revenue 584,000 28,000 Depreciation expense-Automobiles 25,500 Depreciation expense-Equipment 21,000 Salaries expense 185,000 Wages expense 40,000 Interest expense 38,000 Office supplies expense 34,400 Advertising expense 62,000 Repairs expense-Automobiles 28,200 Totals $ 1,353,800 $ 1,353,800 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at December 31 of the prior year was $293,220.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end Retained earnings, December 31 current year end < Required A Required C > Required A Required B Required C Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31 The adjusted trial balance for Chiara Company as of December 31 follows. Cash Debit $216,500 Credit Accounts receivable 55,500 Interest receivable Notes receivable (due in 90 days) 20,200 169,000 Office supplies 15,500 Automobiles 172,000 Accumulated depreciation-Automobiles $ 55,000 Equipment Land Accounts payable 138,000 Accumulated depreciation-Equipment 20,000 81,000 90,000 Interest payable 50,000 Salaries payable 17,000 Unearned revenue Long-term notes payable 28,000 156,000 Common stock Retained earnings Dividends 32,580 293,220 52,000 Services revenue Interest revenue 584,000 28,000 Depreciation expense-Automobiles 25,500 Depreciation expense-Equipment 21,000 Salaries expense 185,000 Wages expense 40,000 Interest expense 38,000 Office supplies expense 34,400 Advertising expense 62,000 Repairs expense-Automobiles 28,200 Totals $ 1,353,800 $ 1,353,800 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the income statement for the year ended December 31. CHIARA COMPANY Income Statement For Year Ended December 31 Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at December 31 of the prior year was $293,220.] CHIARA COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end Retained earnings, December 31 current year end < Required A Required C > Required A Required B Required C Prepare Chiara Company's balance sheet as of December 31. CHIARA COMPANY Balance Sheet December 31