9 Exercise 3-11 Preparing financial statements LO P6 ints eBook The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Account Title Debit Credit Cash $ 7,100 Accounts receivable 16,500 Office supplies 2,600 Trucks 191, eee Accumulated depreciation-Trucks $ 39,346 Land 75, eee Accounts payable 11,100 Interest payable 3,800 Long-term notes payable 52,000 Common stock 37,175 Retained earnings 138,500 Dividends 19,00 Trucking fees earned 143, See Depreciation expense-Trucks 25,378 Salaries expense 67,392 Office supplies expense 9,800 Repairs expense-Trucks 12,341 Totals $424,621 $424,621 Hint Ask Deferences The Retained Earnings account balance was $138.500 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 0 S