ok t t Yard Designs (YD) experienced the following events in Year 1, its first year of operation: 1. On October 1, Year 1, YD collected $38,400 for consulting services it agreed to provide during the next 12 months. 2. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1. Required Based on this information alone: a. Record the events under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 2? Complete this question by entering your answers in the tabs below. ences Req B1 Inc Req 82 Bal Req A Stmt Sheet Req B3 CF Stmt Req C Record the events under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Not all cells require input.) YARD DESIGNS Accounting Equation Year 1 Stockholders' Assets Liabilities Equity Unearned Retained Event Cash Revenue. Earnings Event Adjusting[ + 0= 0+