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 Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Debit $ 9,700 19, 200 4,700 189.900 Credit $ 37,700 102,000 Interest payable Long-term notes payable K. Wilson, Capital Trucking revenue K. Wilson, Withdrawals Depreciation expense-Irucks Salaries expense office supplies expense Interest expense Totals 21 90 25,290 66,100 17 100 5 700 66 500 187,000 147,000 9,700 13, 700 $ 461,000 5 461,000 Exercise 4-10 (Algo) Preparing an income statement & statement of owner's equity LO C1 The K. Wilson, Capital account balance was $187.000 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 owner's equity for the year ended December 31. Prev 5 of 7 Next >