Holmes Cleaning Service began operation on January 1, Year 1. The company experienced the following events for its first year of operations: Events Affecting Year 1: 22:18 1. Provided $170,000 of cleaning services on account 2. Collected $127,500 cash from accounts receivable. 3. Pald salaries of $28,000 for the year. 4. Adjusted the accounts to reflect management's expectations that uncollectible accounts expense would be $1,500. 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. Reg B1 Req A Req B2 Reg 13 Organize the transaction data in accounts under an accounting equation center any decreases to account balances with a minus sign. Not all cells require input.) Event Balance Sheet Assets Liabilities NRV Accounts Receivable Equity Retained Earnings Account Titles for Retained d Earnings Cash Year 1 a. Organize the transacuon 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. Req A Req B1 Req B2 Req B3 Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account bala Not all cells require input.) Event Balance Sheet Assets Liabilities NRV Accounts Receivable Account Titles for Retained Earnings Equity Retained Earnings Cash Year 1 1. ++ 2. 3. 4. + + + HIIHII Bal. apters 7 and 8 a. Organize the transacuon data in accounts under an accounung eq b. Prepare an income statement, a balance sheet, and a statement o Complete this question by entering your answers in the tabs bi Req A Req B1 Req B2 Req B3 Prepare an income statement for Year 1. HOLMES CLEANING SERVICE Income Statement For the Year Ended December 31, Year 1 Operating expenses Total operating expenses