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 At December 31 Account Name Debit Cash $ 1,700 Supplies 190 Prepaid Insurance 1,900 Equipment Accumulated Depreciation Salaries and Wages Payable Income Tax Payable 68,000 Credit $ 4,080 0 Common Stock Retained Earnings 39,000 6,130 Service Revenue 36,370 Salaries and Wages Expense 11,600 Supplies Expense 240 Depreciation Expense Insurance Expense Fuel Expense Income Tax Expense Totals 0 1,950 0 $ 85,580 $ 85,580 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 $1,080 of salary for December. DDI paid all its taxes from last year. DDI issued 7,800 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. DDI's only employee receives a salary of $1,080 for December. This is the cost of windshield washer fluid used to November 30. The car's benefits are being used up about $4,080 per year. No car insurance has been paid for next year. All fuel is paid for in cash. DOI's tax rate is 20% of income before tax. Totals $ 85,580 $ 85,580 Prepare a statement of retained earnings for the year ended December 31- DAILY DRIVER, INCORPORATED Statement of Retained Earnings For the Year Ended December 31 Beginning Balance Ending Balance 0