can you explain how to do this and show gow you got your anwser so in the future i will know what to do.

Use the following adjusted year-end trial balance at December 31 of Wilson Trucking Company to pre- pare the (1) income statement and (2) statement of owner's equity for the year ended December 31. The K. Wilson, Capital account balance was $175,000 at December 31 of the prior year. Chapter 4 Completing the Accounting Account Title Debit Credit Cash... Accounts receivable. Office supplies $ 8,000 17.500 3,000 172,000 Trucks .... $ 36,000 85,000 12,000 4,000 53,000 175,000 Accumulated depreciation-Trucks .. Land.... Accounts payable Interest payable ...... Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals... Trucking fees earned ... Depreciation expense - Trucks Salaries expense. Office supplies expense... Repairs expense-Trucks .... Totals. 20,000 130,000 23,500 61,000 8,000 12,000 $410,000 $410,000