experienced the following events for its first year of operations:

Events Affecting Year $1$:

Provided $$130,000$ of cleaning services on account.

Collected $$97,500$ cash from accounts receivable.

Paid salaries of $$30,000$ for the year.

Adjusted the accounts to reflect management's expectations that uncollectible accounts expense would be $$1,900.$ The expense was determined using the percent of revenue method.

Required

a$.$ Organize the transaction data in accounts under an accounting equation.

b$.$ Prepare an income statement, a balance sheet, and a statement of cash flows for Year $1.$

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Req A$,$Req B$1]]$

Req B$2$

Req B$3$

Prepare a balance sheet for Year $1.$

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$3$ of $3$

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