The following is the adjusted trial balance of Wilson Trucking Company. Prepare the income statement for the year ended December 31, 2013.

The income statement for Wilson Trucking Company for the year ended December 31, 2013 would be: WILSON TRUCKING COMPANY Income Statement For the Year Ended December 31, 2013 Revenues: Trucking fees earned $134,000 Expenses: Salaries expense $62,846 Office supplies expense $9,500 Repairs expense - Trucks $11,524 Depreciation expense - Trucks $20,063 Total expenses $103,933 Net income: $30,067 Explanation: The income statement shows the revenue earned by the company and the expenses incurred during the year. The revenue earned is the amount of money generated by the company's main business activity, which in this case is trucking fees earned. The expenses incurred by the company include the salaries expense, office supplies expense, repairs expense - trucks, and depreciation expense - trucks. These expenses are subtracted from the revenue earned to arrive at the net income for the year, which is $30,067.