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 $ 9,700 Credit Accounts receivable Office supplies 19,200 4,700 Trucks 189,000 Accumulated depreciation-Trucks $ 37,700 Land 102,000 Accounts payable 17,100 Interest payable 5,700 Long-term notes payable 66,500 K. Wilson, Capital 187,000 K. Wilson, Withdrawals 21,700 Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals $ 461,000 $461,000 147,000 25,200 66,100 9,700 13,700 The K. Wilson, Capital account balance was $187,000 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. CH 8 00 Part 1 of 3 Required information Complete this question by entering your answers in the tabs below. 10 points eBook Required 1 Required 2 Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 10 Revenues Trucking revenue $ 147,000 Expenses q Office supplies expense $ 9.700 Depreciation expense-Trucks 25,200 Salaries expense 66,100 Interest expense 13.700 References K. Wilson, Withdrawals 21,700 Total expenses 136,400 Net income $ 10,000 Required 2> Check my work 8 00 Part 1 of 3 Required information (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. 10 points eBook 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 References Wilson, Capital, December 31 current year