Use the following adjusted trial balance of Wilson Trucking Company to prepare the

(1) Income statement and

(2) Statement of owner’s equity, for the year ended December 31, 2013. The K. Wilson, Capital, account balance is $175,000 at December 31,2012.

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Account Title Debit Credit Cash Accounts receivable -.. Office supplies.. Trucks... Accumulated depreciation Trucks 8,000 17,500 3,000 ..172,000 . $36,000 85,000 Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals. Trucking fees earned Depreciation expense Trucks...23,500 12,000 4,000 53,000 175,000 20,000 130,000 Office supplies expense. Repairs expense Trucks lotals 61,000 8,000 12,000 . $410,000 $410,000