The following is the adjusted trial balance of Wilson Trucking Company.

Account Title Debit Credit

Cash $ 5,700

Accounts receivable 16,500

Office supplies 2,000

Trucks 168,000

Accumulated depreciationTrucks $ 34,608

Land 75,000

Accounts payable 9,700

Interest payable 3,000

Long-term notes payable 52,000

Common stock 16,000

Retained earnings 150,422

Dividends 19,000

Trucking fees earned 126,500

Depreciation expenseTrucks 22,322

Salaries expense 59,329

Office supplies expense 13,500

Repairs expenseTrucks 10,879

Totals $ 392,230 $ 392,230

The Retained Earnings account balance is $150,422 at December 31, 2016.

(1) Prepare the income statement for the year ended December 31, 2017.

(2) Prepare the statement of retained earnings for the year ended December 31, 2017.

Required 1 Required 2 Prepare the income statement for the year ended December 31, 2017. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31, 2017 Revenues Expenses Total expenses Required 1 Required 2 Prepare the income statement for the year ended December 31, 2017. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31, 2017 Revenues Expenses Total expenses