The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Debit $ 7,200...

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The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Debit $ 7,200 16,500 2,000 199,000 75,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Credit $ 40,994 11,200 3,000 52,000 52,655 137,000 126,500 19,000 26,441 59,329 8,000 10,879 $ 423,349 $ 423,349 The Retained Earnings account balance was $137,000 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. The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Debit $ 7,200 16,500 2,000 199,000 75,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Credit $ 40,994 11,200 3,000 52,000 52,655 137,000 126,500 19,000 26,441 59,329 8,000 10,879 $ 423,349 $ 423,349 The Retained Earnings account balance was $137,000 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.

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1 Income Statement for the year ended December 31 Trucking revenu... View the full answer