7 Part 3 of 6 ! Required information. [The following information applies to the questions displayed below.] Daily Driver, Incorporated (DDI), 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. DAILY DRIVER, INCORPORATED Unadjusted Trial Balance Debit At December 31 Credit Account Name Cash $ 1,500 Supplies 150 Prepaid Insurance 1,700 Equipment 60,000 $ 3,600 0 0 35,000 Accumulated Depreciation 5,930 Notes 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. DDI has not yet paid or recorded $1,000 of salary for December.. DDI paid all its taxes from last year.. DDI issued 7,000 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. Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings Service Revenue 31,570 Salaries and Wages 10,800 Expense Supplies Expense 200 Depreciation Expense Insurance Expense The car's benefits are being used up about $3,600 per year. DDI's only employee receives a salary of $1,000 for December. This is the cost of windshield washer fluid used to November 30. Fuel Expense Income Tax Expense 1,750 0 Totals $ 76,100 $ 76,100 Prepare an adjusted trial balance as of December 31. No car insurance has been paid for next year. All fuel is paid for in cash. DDI's tax rate is 20% of income before tax. Fuel Expense Income Tax Expense Totals 1,750 0 $ 76,100 $ 76,100 Prepare an adjusted trial balance as of December 31. DAILY DRIVER, INCORPORATED Adjusted Trial Balance At December 31 Account Titles year. All fuel is paid for in cash. DDI's tax rate is 20% of income before tax. Debit Credit Totals $ 0 $ 0 Prepare an income statement for the year ended December 31. > Answer is not complete. DAILY DRIVER, INCORPORATED Income Statement For the Year Ended December 31 Revenues Cash Service Revenue Total Revenues Expenses Supplies Expense Depreciation Expense Insurance Expense Fuel Expense Income Tax Expense Salaries and Wages Expense Total Expenses S 1,500x 31,570 33,070 200 X 1,750 0 10,800x 12,750