The following adjusted year end trial balance at December 31 of Wilson Trucking Company Kredit Debit $ 7,800 16,500 2,000 169,000 $ 34,814 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 Solaries expense office supplies expense Repair's expense-trucks Totals 11,800 3,000 52,000 26,404 138,500 19,000 127,500 22,455 59,798 11,500 10.965 $394,018 $394,018 The Retained Earnings account balance was $138,500 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 Yont Ended December 31 Revenues Expenses Total expenses 0 0 Required 2 > (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 Suntement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year 0 Retained earnings December 31 current year $ 0