Exercise 4-10 Preparing an income statement & statement of owner's equity C1 Use the following adjusted trial balance at December 31 of Wilson Trucking Company to prepare the (1) income statement and (2) statement of owner's equity, for the year ended December 31. The K. Wilson, Capital account balance was $170,000 at December 31 of the prior year, and there were no owner investments during the current year. Account Title Debit Credit + $ 8,000 17,500 3,000 172,000 $36.000 85,000 Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks.. Land. Accounts payable Interest payable tong-term notes payable. K. Wilson, Capital... K. Wilson, Withdrawals.. Trucking revenue Depreciation expense--Trucks Salaries expense Office supplies expense. Interest expense Totals 12,000 4,000 58,000 170.000 20.000 130.000 23,500 61,000 8,000 12.000 $410,000 $410,000