The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Debt Credit $ 8,400 16,500 2,000 196,000 $ 40,376 75,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-tern notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense Trucks Salaries expense office supplies expense Repairs expenso-Trucks Totals 12,400 3,000 52,000 50,932 137.500 19,000 123,000 26,043 57,687 8,000 10.578 $419,208 $419,200 The Retained Earnings account balance was $137,500 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. 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.