3 Part 2 4 DO Required information The following information applies to me questions displayed below! The following adjusted trial balance at December 31 or Wilson Trucking Company Account. Ti Det Credit Cash $1,000 recounts receivable 18.500 office supplies 4,000 tronk 102,600 Accumulated depreciation True $ 37,000 Land 95,000 Account payable 15.000 Interest payable 5.000 Long-tee notes payable 63,00 Wilson, Capital 180.000 R. Wilson, withdrawala 31.000 Trucking revenue 140.000 Depreciation expense Trucks 26,500 salaries egen 60,000 office supplies expense 9,000 Internet ewens 11,000 Totale 5440.000 3.460.000 D Pit References The K. Wilson, Capital occount balance was $180,000 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 Complete this question by entering your answers in the tabs below. 4 Part 2 of 2 Cash 4 points (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 $ 9.000 Accounts receivable 18.500 office supplies 4.000 Trucks 182,000 Accumulated depreciation Trucke $ 37,000 Land 95,000 Accounts payable 15,000 Interest payable 5.000 Long-term notes payable 63.000 K. Wilson, Capital 180,000 K. Wilson, withdrawals 21.000 Trucking revenue 140,000 Depreciation expensstruka 24,500 salaries expense 64,000 Office supplies expense 9,000 Interest expense 13,000 Totals $$440,000 $440,000 Book Hint Print Prepare Wilson Trucking Company's classified balance sheet as of December 31, References WILSON TRUCKING COMPANY Balance Sheet December 31 Assets $ Current assets Cash Accounts receivable 9,000 18.500 4000 $ 31,500 $ 182,000 37,000 145,000 Total current assets Plant assets Trucks Accumulated depreciation-Trucks Land Total plant assets Total assets Liabilities Current liabilities Accounts payable Interest payable 145,000 176,500 $ + $ 15,000 5,000 20,000 Total current liabilities Long-term liabilities Long-term notes payable 63,000 83,000 Total liabilities Equity K. Wilson, Capital 188,500 0 0 $ 271,500 Total liabilities and equity