Question: probably needing balance sheet and SH equity. please help if u can!! thank you! 0 Required information [The following information applies to the questions displayed

probably needing balance sheet and SH equity. please help if u can!! thank you!
 probably needing balance sheet and SH equity. please help if u
can!! thank you! 0 Required information [The following information applies to the

0 Required information [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 Cashi $ 8,100 Accounts receivable 17,600 office supplies 3,100 Trucks 173,000 Accumulated depreciation-Trucks $36,100 Land 86,000 Accounts payable 12,300 Interest payable 4,100 Long-term notes payable 58,500 Common stock 30,500 Retained earnings 140,500 Dividends 20,100 Trucking revenue 131,000 Depreciation expense-Trucks 23,600 Salaries expense 61,300 office supplies expense Interest expense 8,100 12,100 Totals $ 413,000 $413,000 The Retained Earnings account balance was $140,500 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of retained earnings for the year ended December 31. Answer is not complete. 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 Required 1 Required 2 Prepare the statement of retained earnings for the year ended December 31. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year X Add: Net income 3,800 x Less: Dividends Retained earnings, December 31 current year $ 158,400 162,200 20,100 142,100

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