Background Information: Donald Duck and Friends began operations on January 1, 2017 The following events occurred during the year 1 Provided lawn services on account for $90,000 2 Collected $82,000 cash from accounts receivable 3 Paid Salaries to Mickey for the year of $30,000 4 Adjusted A/R to have an ending balance 0f $1,800 based on percent of Revenue method a) Complete the accounting equation for the different transactions. Donald and Friends Company Accounting Equation Event Assets Equity Cash + Accounts Receivable - Allowance = Retained Earnings 1 Service Revenue 2 3 Salaries Expense 4 Uncollectible accounts expense Total $- + $- - $- = $- b) Prepare an income statement for 2017 Donald Duck and Friends Income Statement For the Year Ended December 31,2017 Net Income $- C) Prepare a year-end balance Sheet Donald Duck and Friends Balance Sheet As of December 31,2017 Assets Total Assets $- Liabilities Stockholders Equity Total Stockholders Equity Total Liabilities and Stockholders Equity