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

Account Title	Debit			Credit
Cash	$	7,100
Accounts receivable		16,500
Office supplies		2,000
Trucks		181,000
Accumulated depreciationTrucks				$	37,286
Land		75,000
Accounts payable					11,100
Interest payable					3,000
Long-term notes payable					52,000
Common stock					19,000
Retained earnings					154,353
Dividends		19,000
Trucking fees earned					138,000
Depreciation expenseTrucks		24,049
Salaries expense		64,722
Office supplies expense		13,500
Repairs expenseTrucks		11,868
Totals	$	414,739		$	414,739

The Retained Earnings account balance is $154,353 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.

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 Prepare the statement of retained earnings for the year ended December 31, 2017. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 Retained earnings, December 31, 2017