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(Solved): please help ASAP  The adjusted trial balance for Chiara Company as of December 31 follows. Requ ...



please help ASAP 

The adjusted trial balance for Chiara Company as of December 31 follows.
Required:
Use the information in the adjusted trial
The adjusted trial balance for Chiara Company as of December 31 follows. 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 [Noter. Retained Earnings at December 31 of the prior year was \( \$ 239,220 \).); and (c) the balance sheet as of December 31 .


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Calculation of Income Statement: INCOME STATEMENT Service Revenue $504,000 Interest Revenue $34,000 Total Revenues $538,000 Less: Expenses: Salaires E
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