Exercise 2-9A (Algo) Supplies on financial statements LO 2-5, 2-8 Yard Professionals Inc. experienced the following events in Year 1, its first year of operation: 1. Performed services for $34,000 cash. 2. Purchased $8,200 of supplies on account. 3. A physical count on December 31 , Year 1 , found that there was $1,560 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 2 ? 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. Record the events under an accounting equation. (Not all cells require input. Enter any decreases to account balances with a minus sign.) Complete this question by entering your answers in the tabs below. Prepare an income statement for the Year 1 accounting period. Prepare a balance sheet for the Year 1 accounting period. epare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) 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