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Question: the following is the adjusted trial balance of wilson trucking...

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The following is the adjusted trial balance of Wilson Trucking Company Account Title DebitCredit Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts paya Interest payable Long-term notes paya K. Wilson, Capital K. Wilson, withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals S 8,78 16, 58e 2,e00 161, e8e S 33,166 75,000 ble 12, 78e 3, 000 52,e0e 159, 439 ble 19,800 117,580 21, 392 55, 108 9,800 1e, 1e5 S 377, 805S 377, 805The K. Wilson, Capital account balance is $159,439 at December 31, 2016. (1) Prepare the income statement for the year ended December 31, 2017. (2) Prepare the statement of owners equity for the year ended December 31, 2017. Complete this question by entering your answers in the tabs below. Required 1Required 2 Prepare the income statement for the year ended December 31, 2017. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31, 2017 Revenues Expenses Total expensesWILSON TRUCKING COMPANY Statement of Owners Equity For Year Ended December 31, 2017 K. Wilson, Capital, December 31, 2016 K. Wilson, Capital, December 31, 2017

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