Required information [The following information applies to the questions displayed below.] The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Debit Credit Cash $ 64,100 Accounts receivable 50,500 Interest receivable 21,000 Notes receivable (due in 90 days) 170,000 Office supplies 16,500 Automobiles 169,000 Accumulated depreciation—Automobiles $ 70,000 Equipment 148,000 Accumulated depreciation—Equipment 25,000 Land 80,000 Accounts payable 92,000 Interest payable 50,000 Salaries payable 17,000 Unearned fees 42,000 Long-term notes payable 146,000 R. Chiara, Capital 265,800 R. Chiara, Withdrawals 53,000 Fees earned 474,000 Interest earned 32,000 Depreciation expense—Automobiles 25,000 Depreciation expense—Equipment 19,000 Salaries expense 191,000 Wages expense 46,000 Interest expense 33,200 Office supplies expense 34,600 Advertising expense 64,500 Repairs expense—Automobiles 28,400 Totals $ 1,213,800 $ 1,213,800 Required: 1(a) Prepare the income statement for the year ended December 31, 2017. 1(b) Prepare the statement of owner's equity for the year ended December 31, 2017. 1(c) Prepare Chiara Company's balance sheet as of December 31, 2017.