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	Credit	Notes
Cash	$1,650		This equals the bank balance.
Supplies	180		Only windshield washer fluid that cost $30 remains at December 31.
Prepaid Insurance	1,850		This amount was paid January 2 for car insurance from January 1 through December 31 of this year.
Equipment	66,000		This is the cars purchase price.
Accumulated Depreciation		$3,960	The car will be two years old at the end of December.
Salaries and Wages Payable		0	DDI has not yet paid or recorded $1,060 of salary for December.
Income Tax Payable		0	DDI paid all its taxes from last year.
Common Stock		38,000	DDI issued 7,600 shares at $5 each.
Retained Earnings		6,080	This is the total accumulated earnings to January 1 of this year.
Service Revenue		35,170	All revenue is received in cash when the service is given.
Salaries and Wages Expense	11,400		DDIs only employee receives a salary of $1,060 for December.
Supplies Expense	230		This is the cost of windshield washer fluid used to November 30.
Depreciation Expense	0		The cars benefits are being used up about $3,960 per year.
Insurance Expense	0		No car insurance has been paid for next year.
Fuel Expense	1,900		All fuel is paid for in cash.
Income Tax Expense	0		DDIs tax rate is 20% of income before tax.
Totals	$83,210	$83,210

Daily Driver, Incorporated (DDI), operates a driving service through a popular ride-sharing app. DDI has prepared a list of unadjusted account balences at its December 31 year-end. You have reviewed the balances and made notes shown in the right column. Complete this question by entering your answers in the tabs below. 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. DAILY DRIVER, INCORPORATED Daily Driver, Incorporated (DDI), operates a driving service through a popular ride-sharing app. DDI has prepared a list of unadjusted account balences at its December 31 year-end. You have reviewed the balances and made notes shown in the right column. Complete this question by entering your answers in the tabs below. 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. DAILY DRIVER, INCORPORATED