Ch 3: Quiz Soved 4 Exercise 3-11 Preparing financial statements LO P6 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Credit points Debit $ 9,000 16,500 2,000 160,000 $ 32,960 75,000 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 13,000 3,000 52,000 14,669 138,000 19,800 134,000 21,259 62,846 10,5ee 11,524 $387,629 $387,629 The Retained Earnings account balance was $138,000 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. Type here to search - --- C