Life, Inc. experienced the following events in Year 1, its first year of operation: 1. Performed counseling services for $33,200 cash. 2. On February 1, Year 1, paid $23,400 cash to rent office space for the coming year (12 full months). 3. Adjusted the accounts to reflect the amount of rent used during the year (through December 31). Required Based on this information alone: a. Record the events in general ledger accounts under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) Event LIFE, INC. Effect of Events on the Accounting Equation 1. Performed services 2. Prepaid rent 3. Used rent Totals Stockholders' Assets Cash Prepaid Rent Equity Retained Earnings 0= 0