of Wilson Trucking Company 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 $ 7,000 16,500 2,000 193,000 $ 39, 758 75,000 11,000 3,000 52,000 183, 253 19,000 138, 500 25, 644 64, 956 12,500 11.911 $427, 511 $427,511 The K. Wilson, Capital account balance was $183,253 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 Required 1 Required 2 Prepare the income statement for the year ended December 31 WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total penties Required 1 Required 2 Prepare the statement of owner's equity for the year ended December 31. WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year K. Wilson, Capital, December 31 current year