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The following adjusted trial balance on December 31 of Wilson Trucking Company. Account Title Debit Credit Cash $ 9,200 Accounts receivable 18,700 Office Supplies 4,200

The following adjusted trial balance on December 31 of Wilson Trucking Company.

Account Title Debit Credit
Cash $ 9,200
Accounts receivable 18,700
Office Supplies 4,200
Trucks 184,000
Accumulated depreciationTrucks $ 37,200
Land 97,000
Accounts payable 15,600
Interest payable 5,200
Long-term notes payable 64,000
K. Wilson, Capital 182,000
K. Wilson, Withdrawals 21,200
Trucking revenue 142,000
Depreciation expenseTrucks 24,700
Salaries expense 64,600
Office supplies expense 9,200
Interest expense 13,200
Totals $ 446,000 $ 446,000

The K. Wilson, Capital account balance was $182,000 on December 31 of the prior year, and there were no owner investments during the year.

1) Prepare the income statement for the year ending December 31.

2) Prepare the statements of owner's equity for the year ending December 31.

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Prepare the income statement for the year ended December 31 WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Prepare the statement of owner's equity for the year ended December 31 . The K. Wilson, Capital account balance was $182,000 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. The K. Wilson, Capital account balance was $182,000 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

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