The following is the adjusted trial balance of Wagdy Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wagdy, Capital K. Wagdy. Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 8.600 16,500 2,000 162,000 $ 33,372 75,000 12.600 3,000 52.000 161.528 19,000 125.000 21,525 58,625 13,500 10.750 $ 387,500 $ 387,500 The K. Wagdy, Capital, account balance is $161,528 at December 31, 2014. Required: 1. Prepare the income statement for the year ended December 31, 2015. 2. Prepare the statement of owner's equity for the year ended December 31, 2015