Saved 40 Help Save & Exit Submit The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Credit Debit $ 7,000 16,500 2,000 184,000 $ 37,904 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 fees earned Depreciation expense-Trucks Salaries expense olce supplies expense Repairs expense-Trucks Totals 11,000 3,000 52,000 40, 746 137,500 19,000 135,500 24,448 63,549 14,500 11, 653 $417,650 $417, 650 The Retained Earnings account balance was $137.500 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of retained earnings for the year ended December 31. Complete this question by entering your answers in the tabs below. Required Required 2 20 MacBook Saved Help Save & Exit Sub The Retained Earnings account balance was $137,500 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of retained earnings for the year ended December 31. Complete this question by entering your answers in the tabs below. 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 Round 2 20 i Saved Help Save & Exit Submit The Retained Earnings account balance was $137,500 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of retained earnings for the year ended December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the statement of retained earnings for the year ended December 31. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year Retained earnings. December 31 current year 20