Required information [The following information applies to the questions displayed below.] 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 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. The car will be two years old at the end of December. Account Name Debit Cash $1,500 Supplies 150 Prepaid Insurance 1,700 Equipment 60,000 Accumulated Depreciation $ 3,600 Salaries and Wages 0 Payable DDI has not yet paid or recorded $1,000 of salary for December. Income Tax Payable 0 Common Stock 35,000 Retained Earnings Service Revenue 31,570 Salaries and Wages 10,800 Expense Supplies Expense 200 Depreciation Expense Insurance Expense 0 0 1,750 5,930 DDI paid all its taxes from last year.. DDI issued 7,000 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 $1,000 for December. This is the cost of windshield washer fluid used to November 30. about $3,600 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. The car's benefits are being used up Fuel Expense Income Tax Expense Totals $ 76,100 $ 76,100 Prepare a statement of retained earnings for the year ended December 31. Prepare a statement of retained earnings for the year ended December 31. DAILY DRIVER, INCORPORATED Statement of Retained Earnings Beginning Balance Ending Balance $ 0 Prepare a classified balance sheet for the year ended December 31. (Amounts to be deducted should be indicated by a minus sign.) DAILY DRIVER, INCORPORATED Balance Sheet At December 31 Assets Current Assets Cash Supplies 0 0 $ 0 Liabilities Current Liabilities Stockholders' Equity $ 0 $ 0