The following is the adjusted trial balance of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks 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 Totals Debit Credit 5,500 16,500 2,000 166,000 $ 34,196 75,000 9,500 3,000 52,000 146,333 19,000 149,500 E 22,056 70,116 5,500 12,857 $ 394,529 $ 394,529 The K. Wilson, Capital account balance is $146,333 at December 31, 2016. (1) Prepare the income statement for the year ended December 31, 2017 (2) Prepare the statement of owner's equity for the year ended December 31, 2017 by entering your answers in the tabs below. Required 1 Required 2 Prepare the income statement for the year ended December 31, 2017 $ 149,500 WILSON TRUCKING COMPANY Income Statement For Year Ended December 31, 2017 Revenues Trucking fees earned Expenses Depreciation expense- $ 22,056 Trucks Salaries expense 70.116 Office supplies expense 5,500 Repairs expense-Trucks 12,857 Total expenses 110.529 $38.971 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the statement of owner's equity for the year ended December 31, 2017 WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31, 2017 K. Wilson, Capital, December 31, 2016 146,333 Less: Net loss 19,000 165,333 K. Wilson, Capital, December 31, 2017 165, 333