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

Account Title	Debit			Credit
Cash	$	8,900
Accounts receivable		16,500
Office supplies		2,000
Trucks		160,000
Accumulated depreciationTrucks				$	32,960
Land		75,000
Accounts payable					12,900
Interest payable					3,000
Long-term notes payable					52,000
K. Wilson, Capital					153,332
K. Wilson, Withdrawals		19,000
Trucking fees earned					141,500
Depreciation expenseTrucks		21,259
Salaries expense		66,364
Office supplies expense		14,500
Repairs expenseTrucks		12,169
Totals	$	395,692		$	395,692

The K. Wilson, Capital account balance was $153,332 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.