B Book Exercise 4-11 Preparing financial statements LO C3 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Cash Account Title Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Debit $ 5,700 Credit 16,500 2,000 189,000 $ 38,934 75,000 9,700 Accounts payable Interest payable. 3,000 int Long-term notes payable 52,000 K. Wilson, Capital 192,281 K. Wilson, Withdrawals 19,000 Trucking fees earned 115,500. ASK Depreciation expense-Trucks 25,112 Salaries expense 54,178 Office supplies expense 15,000 Print Repairs expense-Trucks Totals 9,933 $411.415 $411,415 erences The K. Wilson, Capital account balance was $192,281 at December 31 of the prior 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.