The following is the adjusted trial balance of Wilson Trucking Company. Credit Debit $ 8,700 16,500 2.000 197,000 40,582 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation- Trucks Land Accounts payable Interest payable Long-term notes payable $ 75,000 12,700 3,000 52,000 20,000 171,913 19,000 124,000 Common stock Retained earnings. Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense--Trucks 26,175 58,156 11,000 10,564 $ 424,195$ 424,195 Totals The Retained Earnings account balance is $171,913 at December 31, 2014. (1). Prepare the income statement for the year ended December 31, 2015. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31, 2015 Revenues Expenses Total expenses 0 $ 0 $ 0 (2). Prepare the statement of retained earnings for the year ended December 31, 2015. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31, 2015 Retained earnings, December 31, 2014 0 Retained earnings, December 31, 2015 $ 0