Holmes Cleaning Service began operation on January $1,$ Year $1.$ The company experlenced the following events for its first year of

operations: Events Affecting Year $1$: Provided $$150,000$ of cleaning services on account. $2$ Collected $$112,500$ cash from accounts recelvable. Paid salarles of $$28,000$ for the year. Adjusted the accounts to reflect management's expectatlons that uncollectible accounts expense would be $$1,900.$ The expensewas determined using the percent of revenue method.

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 $1.$

Organize the transaction data in accounts under an accounting equation.

Note: Enter any decreases to account balances with a minus sign. Not all cells require input.