The following adjusted trial balance of Webb Trucking Company.

Account Title	Debit		Credit
Cash	$	5,400
Accounts receivable		16,500
Office supplies		2,000
Trucks		182,000
Accumulated depreciation%u2014Trucks			$	37,492
Land		75,000
Accounts payable				9,400
Interest payable				3,000
Long-term notes payable				52,000
Common stock				19,000
Retained earnings				162,400
Dividends		19,000
Trucking fees earned				122,000
Depreciation expense%u2014Trucks		24,182
Salaries expense		57,218
Office supplies expense		13,500
Repairs expense%u2014Trucks		10,492
Totals	$	405,292	$	405,292

The retained earnings, account balance is $162,400 at December 31, 2010.

(1)

Prepare the income statement for the year ended December 31, 2011.

(2)	Prepare the statement of owner%u2019s equity, for the year ended December 31, 2011.

(2)	Prepare the statement of owner%u2019s equity, for the year ended December 31, 2011.

1