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Required information Use the following information for Exercises 17-18 below. (Algo) [The following information applies to the questions displayed below.] The following adjusted year-end trial

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Required information Use the following information for Exercises 17-18 below. (Algo) [The following information applies to the questions displayed below.] The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Credit Debit $ 8,900 16,500 2,000 153,000 $ 31,518 75,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 12,900 3,000 52,000 5,181 139,000 19,000 134,000 20,329 62,846 8,500 11,524 $377,599 $377,599 Required 1 Required 2 Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses Required 1 Required 2 Prepare the statement of retained earnings for the year ended Decemb WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year Retained earnings, December 31 current year

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