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Cash The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Account Title Debit Credit $5,400 Accounts receivable 16,500 Office Supplies 2,000 Trucks 150,000 Accumulated depreciation-Trucks $ 38,728 Land 75,000 Accounts payable 9,400 Interest payable 3,000 Long-ter notes payable 52,000 K. Wilson, Capital 181,550 K. Wilson, withdrawals 19,000 Trucking fees earned 124,500 Depreciation expense-Trucks 24,900 Salaries expense 58,291 Office Supplies expense 9,500 Repairs expense-Trucks 10,707 Totals 5409,478 $400,478 The K. Wilson, Capital account balance was $181,850 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, Complete this question by entering your answers in the tabs below. Required: 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 expenses 0 5 0 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Account Title Debit Credit Cash $5,400 Accounts receivable 16,500 office supplies 2,000 Trucks 163,00 Accumulated depreciation-Trucks $ 38,720 Land 75,000 Accounts payable 9,400 Interest payable 3,000 Long-term notes payable 52,000 K. Wilson, Capital 181,850 K. Wilson, withdrawals 19,000 Trucking fees earned 124,500 Depreciation expense-Trucks 24,950 Salaries expense 58,391 Office supplies expense 9,500 Repairs expense-Trucks 10,707 Totals $409,478 $409,478 The K. Wilson, Capital account balance was $181.850 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 Complete this question by entering your answers in the tabs below. 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 $