Saved Holmes Cleaning Service began operation on January 1, Year 1. The company experienced the following events for Its first yea operations: Events Affecting Year 1: 1. Provided $150,000 of cleaning services on account 2 Collected $112,500 cash from accounts receivable. 3. Pald salaries of $42,000 for the year. 4. Adjusted the accounts to reflect management's expectations that uncollectible accounts expense would be $1,300.-The exp was determined using the percent of revenue method. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an Income statement, a balance sheet, and a statement of cash flows for Year 1.