Use the following adjusted year-end trial balance at December 31, 2018, of Wilson Trucking Company to prepare the (1) income statement for the year ended December 31, 2018, and (2) statement of retained earnings for the year ended December 31, 2018. (3) Prepare its balance sheet as of December 31, 2018.

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Account Title Debit Credit $ 8,000 Cash.... Accounts receivable. 17,500 Office supplies ... 3,000 Trucks ..... 172,000 $ 36,000 Accumulated depreciation-Trucks. Land.... Accounts payable... Interest payable .... 85,000 12,000 4,000 53,000 Long-term notes payable.... Common stock ..... 20,000 Retained earnings, December 31, 2017. Dividends ... Trucking fees earned.... Depreciation expense-Trucks 155,000 20,000 130,000 23,500 Salaries expense... Office supplies expense.. Repairs expense-Trucks.... 61,000 8,000 12,000 $410,000 $410,000 Totals...