ELS Exercise 4-11 Preparing financial statements LO C3 The following adjusted year-end trial balance at December 31 of Wilson Trucking Comp Account Title Cash Accounts receivable Office supplies Trucks 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 Debit Credit $ 8,500 1550 16,500 EF 2,000EEEEEEE FREE 193,000 $ 39,758 75,000 12,500 3,000 52,000 186,643 19,000 136,500 25,644 64,018 15,000 11,739 $430,401 $430,401 The K. Wilson, Capital account balance was $186,643 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of owner's equity for the year ended December 31. Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses 1 Prepare the statement of owner's equity for the year ended Decen WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year RET K. Wilson, Capital, December 31 current year