Exercise 4-11 Preparing the financial statements LO C2 The following is the adjusted trial balance of Wilson Trucking Company Debit Credit $8,6ee 16,590 Account Title Cash Accounts receivable 2,e0e 174,008 Office supplies Trucks Accumulated depreciation-Trucks $ 35,844 Land 75,00 12,60e 3,ee0 52,80e 171,845 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 19,80e 114,eee 23,119 53,466 7,900 Totals $ 388,489 $ 388,489 The K. Wilson, Capital account balance Is $171,045 at December 31, 2016 (1) Prepare the Income statement for the year ended December 31, 2017 (2) Prepare the statement of owner's equity for the year ended December 31, 2017. Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare the income statement for the year ended December 31, 2017 The K. Wilson, Capltal account balance is $171045 at December 31, 2016. (1) Prepare the Incometament for the year ended December 31, 2017. (2) Prepare the statement of owner's equity for the year ended December 31, 2017. Complete this question by entering your answers in the tabs below Required 1Required 2 Prepare the income statement for the year ended December 31, 2017 Income Statement For Year Ended December 31, 2017 Revenues Expenses Total expenses Required 2 The K.Wilson, Capital account balance is $171.045 at December 31, 2016 (1) Prepare the Income statement for the year ended December 31, 2017 (2) Prepare the statement of owner's equity for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Peethe statemment of owner's equity for the yernended Deceer 31, 2017 Statement of Owner's Equity Year Ended December 31, 2017 K. Wilson, Capital, December 31, 2016 K. Wilson, Capital, December 31, 2017