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. Account Name Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation Salaries and Wages Payable Income Tax Payable Common Stock Retained Earnings DAILY DRIVER, INCORPORATED Unadjusted Trial Balance At December 31 Debit Credit Notes $1,100 This equals the bank balance. 70 Only windshield washer fluid that cost $30 remains at December 31. 1,300 This amount was paid January 2 for car insurance from January 1 through December 31 of this year. 44,000 This is the car's purchase price. $2,640 The car will be two years old at the end of December. O DDI has not yet paid or recorded $840 of salary for December. ODDI paid 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. 9, 200 DDI's only employee receives a salary of $840 for December. 120 This is the cost of windshield washer fluid used to November 30. 0 The car's benefits are being used up about $2,640 per year. 0 No car insurance has been paid for next year. 1,350 All fuel is paid for in cash. 0 DDI's tax rate is 20% of income before tax. $57,140 $57,140 Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Insurance Expense Fuel Expense Income Tax Expense Totals mcyuI CITICIIL lai wadnice Daici Journal Ledger Statement Earnings 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 General General Income Statement of Requirement Trial Balance Retained Balance Sheet Journal Ledger Statement Earnings 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 0 Ending Balance 0