Exercise 4-11 Preparing financial statements LO C3

The following adjusted year-end trial balance at December 31 of Wilson Trucking Company.

Account Title

Cash debit $5,400

Accounts receivable debit 16,500

Office supplies debit2,000

Trucksdebit 188,000

Accumulated depreciationTruckscredit $38,728

Land debit 75,000

Accounts payablecredit9,400

Interest payablecredit 3,000

Long-term notes payablecredit 52,000

K. Wilson, Capitalcredit188,742

K. Wilson, Withdrawals1debit 9,000

Trucking fees earnedcredit118,000

Depreciation expenseTrucksdebit 24,980

Salaries expensedebit 55,342

Office supplies expensedebit 13,500

Repairs expenseTrucksdebit 10,148

Totals debit $409,870credit $409,870

The K. Wilson, Capital account balance was $188,742 at December 31 of theprior year.

please help preparing the income statementfor the year ended December 31.

please help preparing the statement of owner's equity for the year ended December 31.