9 Exercise 3-11 Preparing financial statements LO P6 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company its Credit Debit $ 7,100 16, See 2.ee 191, eee eBook $ 39,346 75, eee Hint Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks 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 Totals 11,100 3,00 52,800 37,175 138,500 19,808 143,500 25,378 67,392 9,000 12, 341 $424,621 ferences $424,621 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 statement of retained earnings for the year ended December 31. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year 0 Retained earnings, December 31 current year S 0