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 Debit $ 9,500 Credit Accounts receivable 19,000 office supplies 4,500 Trucks 187,000 Accumulated depreciation-Trucks $ 37,500 Land 100,000 Accounts payable 16,500 Interest payable 5,500 Long-term notes payable 65,500 K. Wilson, Capital 125,000 K. Wilson, Withdrawals 21,500 Trucking revenue 145,000 Depreciation expense-Trucks 25,000 Salaries expense 65,500 office supplies expense 9,500 Interest expense Totals 13,500 $455,000 $455,000 The K. Wilson, Capital account balance was $185,000 at December 31 of the prior year, and there were no owner investments during the 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. 05 Required 1 Required 2 Prepare the income statement for the year ended December 31.. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 ces Revenues Expenses Total extens 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 Add: Investments by owner K. Wilson, Capital, December 31 current year < Required 1 Required 2 >