The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Credit Debit $ 7,700 16,500 2,000 179,000 $ 36,874 75,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 11,700 3,000 52,800 165,832 19, 200 139,500 23,784 65,425 8,500 11,997 $408,906 $408,906 The K. Wilson, Capital account balance was $165,832 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of owner's equity for the vear ended December 31. The K. Wilson, Capital account balance was $165,832 at December 31 of 1 (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of owner's equity for the year ended December 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the statement of owner's equity for the year ended December 31. WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year K. Wilson, Capital, December 31 current year