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

Account Title	Debit	Credit
Cash	$ 8,300
Accounts receivable	17,800
Office supplies	3,300
Trucks	175,000
Accumulated depreciationTrucks		$ 36,300
Land	88,000
Accounts payable		12,900
Interest payable		4,300
Long-term notes payable		59,500
Common stock		31,500
Retained earnings		141,500
Dividends	20,300
Trucking revenue		133,000
Depreciation expenseTrucks	23,800
Salaries expense	61,900
Office supplies expense	8,300
Interest expense	12,300
Totals	$ 419,000	$ 419,000

The Retained Earnings account balance was $141,500 at December 31 of theprior year.

(1)Prepare the income statement for the year ended December 31.

(2)Prepare the statement of retained earnings for the year ended December 31.

Complete this question by entering your answers in the tabs below.

• Required 1
• Required 2

Prepare the income statementfor the year ended December 31.

WILSON TRUCKING COMPANY
Income Statement
For Year Ended December 31
Revenues
Expenses
Total expenses		0
		$0