Required Information 5. 10.00 points 10.00 points The following items present a sample of business activities involving Dry Cleaner Corporation (DCC) for the year ended December 31. DCC provides cleaning services for individual customers and for employees of several large companies in the city. 3. Identify at least two adjustments that DCC will be required to make before it can prepare a final income statement for December. (Select all that apply.) Cost of supplies used up Sale of common share Income taxes Dividend declaration Dec 1: DCC's owner paid $12,000 cash to acquire 300 of DCC's common shares. Dec 7: DCC ordered cleaning supplies at a total cost of $1,760. The supplies are expected to be received in early January. Dec 17: Customers paid $225 cash to DCC to obtain DCC gift cards that they could use to obtain future cleaning services at no additional cost. Dec 21:DCC ran advertising in the local newspaper today at a total cost of $550. DCC is not required to pay for the advertising until January 21. DCC paid $1,450 to the landlord for January rent. References eBook & Resources NA DCC's owner sold 20 of his own DSS common shares to a private investor, at a selling price of $1,000. Select all that apply Learning Objective: 03-03 Analyze, record, and summarize the effects of operating transactions using the accounting equation, journal entries, and T-accounts. Difficulty: 2 Medium Learning Objective: 03-05 Evaluate net profit margin, but beware of income statement limitations. DCC paid in full for the advertising run in the local newspaper on December 21. 28: Dec The cleaning supplies ordered on December 7 were received today. DCC does not 29: have to pay for these supplies until January 29, Dec 31: Today, DCC completed cleaning services for several large companies at a total price of $2,550. The companies are expected to pay for the services by January 31