The following adjusted year-end trial balance at December 31 of Wilson Trucking Company.

Account Title	Debit			Credit
Cash	$	9,400
Accounts receivable		16,500
Office supplies		2,000
Trucks		164,000
Accumulated depreciationTrucks				$	33,784
Land		75,000
Accounts payable					13,400
Interest payable					3,000
Long-term notes payable					52,000
K. Wilson, Capital					155,547
K. Wilson, Withdrawals		19,000
Trucking fees earned					128,000
Depreciation expenseTrucks		21,791
Salaries expense		60,032
Office supplies expense		7,000
Repairs expenseTrucks		11,008
Totals	$	385,731		$	385,731

The K. Wilson, Capital account balance was $155,547 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of owners equity for the year ended December 31.