The following is the adjusted trial balance of Wilson Trucking Company Account Title Credit $ 8,000 Accounts receivable Office supplies 3,000 172,000 Accumulated depreciation-Trucks 36,000 85,000 12,000 4,000 53,000 175,000 Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks 20,000 130,000 23,500 61,000 8,000 410,000 $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 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 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 K. Wilson, Capital, December 31, 2017