TULI TULY Pury. Credit $ Debit 8,700 16,500 2,000 176,000 $ 36, 256 75,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals 12,700 3,000 52,000 38, 169 136,500 19,000 128,000 23, 385 60,032 15,000 11,008 $406,625 $406,625 The Retained Earnings account balance was $136,500 at December 31 of the prior year. (1) Prepare the income statement for the vear ended December 31