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 Debit $ 8,900 18,400 Credit Office supplies Trucks Land 3,900 181,000 Accumulated depreciation-Trucks $ 36,900 94,000 Accounts payable 14,700 Interest payable 4,900 Long-term notes payable 62,500 K. Wilson, Capital 179,000 K. Wilson, Withdrawals 20,900 Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals 12,900 $ 437,000 139,000 24,400 63,700 8,900 $ 437,000 The K. Wilson, Capital account balance was $179,000 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. 1 of 3 Prepare te Income StatemenTION LIT your cruce DecembGIST WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues 03:33:43 Expenses Book Hint rint rences Total expenses $ 22 32 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 0 0 EA $ 0 2 of 3 Prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets 03:33:04 Book Hint Print rences 0 52 s Total assets Total liabilities Liabilities Equity Total liabilities :43 Equity Total liabilities and equity Journal entry worksheet