c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 2?

Yard Designs (YD) experienced the following events in Year 1, its first year of operation: 1. On October 1, Year 1, YD collected $28,800 for consulting services it agreed to provide during the coming year 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1 Required Based on this information alone: a. Record the events under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) YARD DESIGNS Accounting Equations for the Year 1 Stockholders' Equity Retained Earnings Assets Liabilities Event Unearned Revenue Cash Event Adj 0 0+ b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. (Do not round Intermediate calculations.)