10 5 Part 1 of 3 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. points Account Title Cash Accounts receivable Office supplies eBook Trucks Debit $ 9,900 19,400 4,900 191,000 Credit Accumulated depreciation-Trucks $ 37,900 Land 104,000 Accounts payable 17,700 Hint Interest payable 5,900 Long-term notes payable 67,500 Common stock 39,500 Retained earnings 149,500 Ask Dividends 21,900 Trucking revenue 149,000 Depreciation expense-Trucks 25,400 Print Salaries expense Office supplies expense Interest expense Totals 66,700 9,900 13,900 $ 467,000 $ 467,000 References Exercise 3-21 (Algo) Preparing an income statement & statement of retained earnings LO C2 The Retained Earnings account balance was $149,500 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of retained earnings for the year ended December 31. 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. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses