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The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts

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The following adjusted year-end trial balance at December 31 of Wilson Trucking Company 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 expenso-Trucks Totals Debit Credit $ 5,900 16,500 2,000 194,000 $ 39,964 75,000 9,900 3,000 52,000 189,806 19,000 113,500 25,777 53,232 7,000 9,761 $408,170 $408,170 The K. Wilson, Capital account balance was $189,806 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 year ended December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2

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