Exercise 4-11 Preparing financial statements LO C3 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Account Title Debit Cash Credit $ 6,900 Accounts receivable Office supplies 16,500 2,000 Trucks 166,000 Accumulated depreciation-Trucks Land $ 34, 196 Accounts payable 75,000 Interest payable 10,900 Long-term notes payable 3,000 52,000 K. Wilson, Capital 160, 395 K. Wilson, Withdrawals 19,000 Trucking fees earned 137,000 Depreciation expense-Trucks 22,056 Salaries expense 64,253 office supplies expense 14,000 Repairs expense-Trucks 11,782 Totals $397,491 $397,491 The K. Wilson, Capital account balance was $160,395 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 Complete this question by entering your answers in the tabs below. 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 Total expenses 0 0 Regulee Required 2 > 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 statement of oner's equity for the year ended December 31. WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year 0 K. Wilson, Capital, December 31 current year $ 0 Required 1 Required 2