1. Performed counseling services for $26,000 cash. 2. On February 1, Year 1, paid $18,000 cash to rent office space for the coming year. 3. Adjusted the accounts to reflect the amount of rent used during the year. Required Based on this information alone: a. Record the events in general ledger accounts under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accou c. Ignoring all other future events, what is the amount of rent expense that would be recognized Complete this question by entering your answers in the tabs below. Req B Inc Stmt Req B Bal Sheet Reg B Stmt of Cash Flows Req A ReqC Record the events in general ledger accounts under an accounting equation. (Do not round intermed any decreases to account balances with a minus sign.) LIFE, INC. Effect of Events on the Accounting Equation Assets Event Cash Prepaid Rent 1. Performed services 2. Prepaid rent 3. Used rent Totals Stockholders' Equity Retained Earnings 11111111 0 01 Reg B Inc Stmt > - Performed counseling services for $26,000 cash. - On February 1, Year 1, paid $18,000 cash to rent office space fo Adjusted the accounts to reflect the amount of rent used durin Required Based on this information alone: a. Record the events in general ledger accounts under an accoun b. Prepare an income statement, balance sheet, and statement on c. Ignoring all other future events, what is the amount of rent exp Complete this question by entering your answers in the tab Req B Inc Stmt Req B Bal Sheet Req B Stmt of Cash Flows Reg C Req A Prepare an income statement for the Year 1 accounting period. (Do LIFE, INC. Income Statement For the Year Ended December 31, Year 1 $ esc Q 2 3