Chapter 04 Accounting Problems Saved Help Save & Exit Submit Check my work 5 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Credit 3.5 points Debit $ 8,000 17,500 3,000 172,000 $ 36,000 85,000 eBook Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals 12,000 4,000 53,000 175,000 20,000 Hint 130,000 Ask 23,500 61,000 8,000 12,000 $410,000 $410,000 Print The K. Wilson, Capital account balance was $175,000 at December 31 of the prior year. References (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. Required 1 Required 2 Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Hint Complete this question by entering your answers in the tabs below. Ask Required 1 Required 2 Print Prepare the statement of owner's equity for the year ended December 31. References WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year K. Wilson, Capital, December 31 current year