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 Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals Debit Credit $ 7,300 16,500 2,000 167,000 $ 34,402 75,000 11,300 3,000 52,000 10,207 139,500 19,000 144,000 22,189 67,536 5,500 12,384 $394,409 $394,409 The Retained Earnings account balance was $139,500 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. Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses 0 $ Requin WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year 0 Retained earnings, December 31 current year $ 0