Use the following adjusted trial balance of Wilson Trucking Company to prepare the (1) income statement and (2) statement of owner's equity for the year ended December 31, 2017. The K. Wilson, Capital account balance is $175,000 at December 31, 2016.

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Account Title Deblit Credit $ 8,000 17,500 3,000 172,000 Accounts receivable S 36,000 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 12,000 4,000 53,000 125000 20,000 130,000 61,000 R,000 12,000 - $410,000 $410,000