Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Cash Account Title Debit $ 10,000 Credit Accounts receivable. Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable 19,500 5,000 192,000 $ 38,000 105,000 18,000 Interest payable Long-term notes payable 6,000 68,000 K. Wilson, Capital 190,000 K. Wilson, Withdrawals 22,000 Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals $ 470,000 $ 470,000 150,000 25,500 67,000 10,000 14,000 Exercise 4-10 (Algo) Preparing an income statement & statement of owner's equity LO C1 The K. Wilson, Capital account balance was $190,000 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.