Holmes Cleaning Service began operation on January 1. Year 1. The compony experienced the following events for its first year of operations: Events Affecting Yeor 1 1. Provided $160,000 of cleaning services on account. 2. Colected $120,000 cash from accounts receivable. 3. Paid salaries of $44,000 for the year. 4. Adjusted the accounts to reflect manegement's expectetions that uncollectble accounts expense would be $1,500. The expense Was determined using the percent of revenue method Required a. Organize the transection data in accounts under an accoumting equation. b. Prepare an income statement, a baiance sheet, and a statement of cash flows for Year 1 Complete this question by entering your answers in the tabs below. Oryanize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign, tf there is no effect an the Accounts Titles for Reteined Earnings, leave the cell blank. Not all cells will require Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leive the cell blank. Not all cells will require entry.) D. rrepare 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. Prepare an income statement for Year 1. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 1. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows for Year 1. (Cash outfows should be indicated with a minus sign.)