On December 29th, 2022, an IT company, Cloud Systems, Inc. signs a contract to provide computer and network maintenance to a local school district for three years beginning on January 1st, 2023. On December 31st, 2023, Cloud Systems, Inc. receives a $100,000 cash payment from the local school district for the first-year of computer and network maintenance services. 

1. Which portions of the accounting equation changed (i.e. Increase, Decrease, or No Effect)? Have Revenues or Expenses in the Income Statement been affected? 2. Which specific line-item accounts have been affected (e.g. Cash, Revenues, Accounts Payable, etc.)? 3. How did each of these line-items change? Increase or decrease