Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1 : Jan. 3e Established the business when it acquired \\( \\$ 46,080 \\) cash fron the issue of comnon 5 tock. Feb. 1 Paid rent for office space for two years, \\( \\$ 33,000 \\) cash. Apr. 10 Purchased \\( \\$ 820 \\) of supplies on account. Juty 1 Received \\( \\$ 21 \\), eee cash in advance for services to be provided over the next year. 20 Paid \\( \\$ 615 \\) of the aceounts payable from April 10 . Aug. 15 Bilied a custoner \\( \\$ 9,800 \\) for services provided during August. Sept. 15 Completed a job and recelved \\( \\$ 3 \\), eoe cash for services rendered. oct. 1 Paid eoployee salaries of \\( \\$ 37,506 \\) cash. 15 Received \\( \\$ 8,800 \\) cash from accounts receivable. Nov. 16 billed customers \\( \\$ 34,000 \\) for services rendered on account. Dec. 1 paid a dividend of \\( \\$ 800 \\) cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded \\( \\$ 2,258 \\) of accrued sataries as of Decenber 31 . 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies: \\( \\$ 120 \\) was on hand at the end of the period. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1. itatement of Cash Flows only, enter any decreases to account balances and cash outflows with a minus sign.) SMITH TRAINING COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Part 4 of 6 31 Recorded the rent expense for the year. (See February 1+) 31 Physicalty counted supplies; \\( \\$ 120 \\) was on hand at the end of the period. 1. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1 . Statement of Cash Flows only, enter any decreases to account balances and cash outflows with a minus sign.)