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The following is the adjusted trial balance of Wilson Trucking Company Account Title 8,000 17,500 3,000 172,000 Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks

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The following is the adjusted trial balance of Wilson Trucking Company Account Title 8,000 17,500 3,000 172,000 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 36,000 //\1 12,000 4,000 53,000 175,000 20,000 130,000 23,500 61,000 8,000 12,000 $410,000 $410,000 The K. Wilson, Capital account balance is $175,000 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

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