Required Information [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Debit $ 9,700 19,200 4,700 Credit 189,000 $ 37,700 102,000 17,100 Accounts payable Interest payable Long-term notes payable 5,700 66,500 Common stock 38,500 Retained earnings 148,500 Dividends 21,700 Trucking revenue Salaries expense Office supplies expense Interest expense Totals 147,000 Depreciation expense-Trucks 25,200 66,100 9,700 13,700 $ 461,000 $ 461,000 The Retained Earnings account balance was $148,500 at December 31 of the prior 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 statement of retained earnings for the year ended December 31. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year 0 Retained earnings, December 31 current year $ 0 < Required 1 Required 2 >