Use the following adjusted trial balance of Wilson Trucking Company to prepare the (1) income statement and

Use the following adjusted trial balance of Wilson Trucking Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31, 2016. The Retained Earnings account balance is $155,000 at December 31, 2015.

KCCO, Inc., has current assets of $5,300, net fixed assets of $24,900, current liabilities of $4,600

KCCO, Inc., has current assets of $5,300, net fixed assets of $24,900, current liabilities of $4,600, and long-term debt of $10,300. What is the value of the shareholders’ equity account for this firm? How much is net working capital?
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