Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company.

Account Title	Debit	Credit
Cash	$ 8,000
Accounts receivable	17,500
Office supplies	3,000
Trucks	172,000
Accumulated depreciationTrucks		$ 36,000
Land	85,000
Accounts payable		12,000
Interest payable		4,000
Long-term notes payable		58,000
K. Wilson, Capital		170,000
K. Wilson, Withdrawals	20,000
Trucking revenue		130,000
Depreciation expenseTrucks	23,500
Salaries expense	61,000
Office supplies expense	8,000
Interest expense	12,000
Totals	$ 410,000	$ 410,000

rev: 05_12_2021_QC_CS-249618

Exercise 4-10 (Static) Preparing an income statement & statement of owners equity LO C1

The K. Wilson, Capital account balance was $170,000 at December 31 of the prior year, and there were no owner investments during the year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of owners equity for the year ended December 31.