1. Performed services for $29,000 cash. 2 Purchased $5,200 of supplies on account 3. A physical count on December 31, Year 1, found that there was $1,060 of supplies on hand. Required Based on this information alone a. Record the events under an accounting equation. b. Prepare an income statement balance sheet, and statement of cash flows for the Year 1 accounting period. c. What is the balance in the Supplies account as of January 1 Year 22 d. What is the balance in the Supplies Expense account as of January 1. Year 2? Complete this question by entering your answers in the tabs below. Req B1 Inc Red A Reg 82 Bal Reg 83 CF Stmt Sheet Stit ReqC and D Record the events under an accounting equation. (Not all cells require input. Enter any decreases to account balances with a minus sign.) YARO PROFESSIONALS INC. Ettect of Events on the Accounting Equation Assets Liabilities Stockholders Event Equity Cash Accounts Retained Supplies Payable Earnings 1. Provided service 2. Purchased supplies 3. Used supplies Totals 0 01- Reg B1 Inc Stmt> Prepare an income statement for the Year 1 accounting period. YARD PROFESSIONALS INC. Income Statement For the Year Ended December 31, Year 1 $ 0 Prepare a balance sheet for the Year 1 accounting period. YARD PROFESSIONALS INC. Balance Sheet As of December 31, Year 1 Assets Total assets $ 0 Liabilities Total liabilities $ 0 Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) YARD PROFESSIONALS ING. Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities 0 Not cash flow from operating activities Cash flows from investing activities Cash flow from financing activities Not change in cash Ending cash balance 0 What is the balance in the Supplies account as of January 1, Year 2? What is the balance in the Supplies Expense account as of January 1, Year 2? Supplies d. Supplies expense