The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Debit $ 8,600 18,100 3,600 178,000 Credit $ 36,600 91,000 13,800 Interest payable 4,600 Long-term notes payable 61,000 K. Wilson, Capital 176,000 K. Wilson, Withdrawals 20,600 Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals $ 428,000 $ 428,000 136,000 24,100 62,800 8,600 12,600 The K. Wilson, Capital account balance was $176,000 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. 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 owner's equity for the year ended Dec WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year Add: Investments by owner 0 K. Wilson, Capital, December 31 current year < Required 1