The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Credit Debit Account Title $ 6,800 16,50e 2,000 166,000 Cash Accounts receivable office supplies Trucks $ 34,196 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 expense-Trucks 75,000 10,80e 3,000 52,ee0 163,903 19,e00 123,500 22,056 57,922 11,se0 10,621 $387,399 $387,399 Totals The K. Wilson, Capital account balance was $163,903 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, Required 2 Required 1 Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses EPrepare the statement of owner's equity for the year ended December 31. WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year K. Wilson, Capital, December 31 current year