5 Part 5 of 6 Skipped Daily Driver, Incorporated (DD), operates a driving service through a popular ride-sharing app. DDI has prepared a list of unadjusted account balances at its December 31 year-end. You have reviewed the balances and made notes shown in the right column. Common Stock DAILY DRIVER, INCORPORATED Unadjusted Trial Balance At December 31 Credit Notes Account Name: Debit Cash Supplies $1,350 1201 Prepaid Insurance 1,550 Equipment 54,000 Accumulated Depreciation $ 3,240 Salaries and Wages Payable Income Tax Payable 32,000 Retained Earnings 5,750 Service Revenue Salaries and Wages 10,2001 Expense Supplies Expense 170 Depreciation Expense Insurance Expense Fuel Expense 1,600 Income Tax Expense Totals $ 68,990 $ 68,990 27,970 This equals the bank balance. Only windshield washer fluid that cost $30 remains at December 31. This amount was paid January 2 for car insurance from January 1 through December 31 of this year. This is the car's purchase price. The car will be two years old at the end of December. DOI has not yet paid or recorded $940 of 1 salary for December. DOI paid all its taxes from last year. DOI issued 6,400 shares at $5 each. This is the total accumulated earnings. to January 1 of this year. All revenue is received in cash when the service is given. DOI's only employee receives a salary of $940 for December. This is the cost of windshield washer fluid used to November 30. The car's benefits are being used up about $3,240 per year. No car insurance has been paid for next year. All fuel is paid for in cash. 001's tax rate is 20% of incone before tax. Prepare a statement of retained earnings for the year ended December 31 DAILY DRIVER, INCORPORATED Statement of Retained Earnings Beginning Balance Ending Balance $