Life, Incorporated experienced the following events in Year 1, its first year of operation: 1. Performed counseling services for $23,600 cash. 2. On February 1, Year 1, paid $16,200 cash to rent office space for the coming year. 3. Adjusted the accounts to reflect the amount of rent used during the year. Record the events in general ledger accounts under an accounting equation. (Do not roun any decreases to account balances with a minus sign.) ound intermediate calculations.)