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The following is the adjusted trial balance of Wilson Trucking Company. Account Title Cash Accounts...

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Accounting

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The following is the adjusted trial balance of Wilson Trucking Company. 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 fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 8,900 16,500 2,000 193,000 $ 39,758 75,000 12,900 3,000 52,000 18,000 160,031 19,000 139,000 25,644 65,191 7,500 11,954 $ 424,689 $424,689 The Retained Earnings account balance is $160,031 at December 31, 2016. (1) Prepare the income statement for the year ended December 31, 2017, (2) Prepare the statement of retained earnings for the year ended December 31, 2017 Required 1 Required 2 Prepare the statement of retained earnings for the year ended December 31, 2017. WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 0 Retained earnings, December 31, 2017 $ 0

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