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er 3 Assignment Cash $ 7,38e 16,580 2,809 185,8e0 Accounts receivable Office supplies Trucks Accunulated depreciation-Trucks s 38,110 75,8e0 Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks salaries expense Office supplies expense Repairs expense-Trucks 11,380 3,000 52,800 15,88e 153, 289 ook 19,6e0 128,5ee 24,581 60, 267 5, 58e 11,e51 Totals $406,199 $406,199 The Retained Earnings account balance is $158.289 at December 31, 2016. rences1 (1) Prepare the income statement for the year ended December 31, 2017. (2) Prepare the statement of retained earnings for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the income statement for the year ended December 31, 2017. WILSON TRUCKING COMPANY Income Statement For Year Ended 31, 2017 Revenues Expenses Total expenses ssignment Credit Account Title Debit 7,30e 16,5e0 2,8e0 185,880 Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock s 38,11e 75,000 11,3ee 3,8ee 52,0e0 15,0e0 158, 289 Retained earnings Dividends 19,8ee Trucking fees earned Depreciation expense-Trucks salaries expense Office supplies expense Repairs expense-Trucks Totals 128, 5ee 24,581 60, 267 5,50e 11,851 $406,199 $406,199 The Retained Earnings account balance is $158.289 at December 31. 2016. (1) Prepare the income statement for the year ended December 31, 2017. (2) Prepare the statement of retained earnings for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare the statement of retained earnings for the year ended December 31, 2017 WIL SON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained eamings 31, 2016 Retained earnings, December 31, 2017 Required 1