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Directions: After the success of the company's first two months, K. Wilson continues to operate follows: Business Solutions. The December 31, adjusted trial balance of Business Solutions Account Title Debit Credit Cash $ 8.000 Accounts receivable 17.500 Office supplies . 3.000 Trucks 172.000 Accumulated depreciation-Trucks $ 36.000 Land 85,000 Accounts payable 12.000 Interest payable . .. 4.000 Long-term notes payable 53,000 K. Wilson, Capital . .. 175.000 K. Wilson. Withdrawals 20.000 Trucking fees earned 130,000 income Depreciation expense-Trucks 23.500 SUNmay Salaries expense 61.000 Office supplies expense 8,000 Repairs expense-Trucks 12.000 Totals $410.000 $410.000 Required (100 points, 20 points each) 1. Prepare an income statement for the month ended December 31. 2. Prepare a statement of owner's equity for the month ended December 31. (Note: The company just began operations on November 1)