8 2 points 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. Cash DAILY DRIVER, INCORPORATED Unadjusted Trial Balance Account Name Debit $1,100 Supplies 70 Prepaid Insurance Salaries and Wages Payable 1,300 44,000 eBook Equipment Accumulated Depreciation Print References Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense 9,200 Supplies Expense 120 Depreciation Expense 0 Insurance Expense Fuel Expense Income Tax Expense 1,350 0 Totals $57,140 0 At December 31 Credit 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. $2,640 The car will be two years old at the end of December. 0 DDI has not yet paid or recorded $840 of salary for December. 0 DDI paid all its taxes from last year. 27,000 DDI issued 5,400 shares at $5 each. 5,530 This is the total accumulated earnings to January 1 of this year. 21,970 All revenue is received in cash when the service is given. $57,140 DDI's only employee receives a salary of $840 for December. This is the cost of windshield washer fluid used to November 30. The car's benefits are being used up about $2,640 per year. 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. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Use the drop-down to select the accounts properly included on the income statement. The unadjusted and adjusted balances will appear for each account based on your selection. Adjusted DAILY DRIVER, INCORPORATED Income Statement For the Year Ended December 31 $ 0 0 0 0 0 0 0 0 0 $ 0 Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Prepare the statement of retained earnings for the year ended December 31. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. Adjusted DAILY DRIVER, INCORPORATED Statement of Retained Earnings For the Year Ended December 31 Beginning Balance Ending Balance 0 0 < Income Statement Balance Sheet Requirement General Journal General Ledger Trial Balance Income Statement Statement of Retained Earnings Balance Sheet Use the dropdowns to select the accounts properly included on the classified balance sheet. The unadjusted and adjusted balances will appear for each account, based on your selection. Adjusted DAILY DRIVER, INCORPORATED Balance Sheet December 31 $ 0 0 0 0 0 0 < Statement of Retained Earnings Balance Sheet > $ 0 0 0 0