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

Account Title	Debit			Credit
Cash	$	7,000
Accounts receivable		16,500
Office supplies		2,000
Trucks		190,000
Accumulated depreciationTrucks				$	39,140
Land		75,000
Accounts payable					11,000
Interest payable					3,000
Long-term notes payable					52,000
Common stock					17,000
Retained earnings					159,640
Dividends		19,000
Trucking fees earned					137,000
Depreciation expenseTrucks		25,245
Salaries expense		64,253
Office supplies expense		8,000
Repairs expenseTrucks		11,782
Totals	$	418,780		$	418,780

The Retained Earnings account balance is $159,640 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		0
		$0

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
	0
Retained earnings, December 31, 2017	$0