The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. 34 Account Titid Credit Debit $ 6,200 16,500 2,000 174,089 01:58:46 $ 35,844 75,000 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 10,200 3.000 52, eee 33, 045 138,500 19,000 114,000 23,119 53,466 7,500 9,804 $386,589 5386,589 The Retained Earnings account balance was $138.500 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. WILSON TRUCKING COMPANY (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. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses Required 2 > 138,500 19, 280 114,000 Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 23,119 53,466 7,5ee 9,864 $386,589 $386,589 The Retained Earnings account balance was $138,500 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 statement of retained earnings for the year ended December 31. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings. December 31 prior year Retained earnings. December 31 current year