Yard Professionals Inc, experienced the following events in 2018, its first year of operation: 1. Performed counseling services for $26,500 cash. 2. Purchased $7,200 of supplies on account. 3. A physical count on December 31, 2018, found that there was $1,510 of supplies on hand. 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 2018 accounting period. c. What is the balance in the Supplies account as of January 1, 2019? d. What is the balance in the Supplies Expense account as of January 1, 2019? Complete this question by entering your answers in the tabs below. Req A Reg B1 Inc Stmt Reg B2 Bal Sheet Reg 83 CF Stmt Reqs C and D Record the events under an accounting equation. (Enter any decreases to account balances with a minus sign.) YARD PROFESSIONALS INC. Effect of Events on the Accounting Equation Assets = Liabilities Event Accounts Cash Supplies - Payable Performed counseling services 2. Purchased supplies 3. Used supplies Totals Stockholders' Equity Retained Earnings Yard Professionals Inc, experienced the following events in 2018, Its first year of operation: 1. Performed counseling services for $26,500 cash. 2. Purchased $7,200 of supplies on account. 3. A physical count on December 31, 2018, found that there was $1,510 of supplies on hand. 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 2018 accounting period. c. What is the balance in the Supplies account as of January 1, 2019? d. What is the balance in the Supplies Expense account as of January 1, 2019? Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 CF Stmt Regs C and D Prepare an income statement for the 2018 accounting period. YARD PROFESSIONALS INC. Income Statement For the Year Ended December 31, 2018 a. Record the events under an accounting equation. b. Prepare an Income statement, balance sheet, and statement of cash flows for the 2018 accounting period. c. What is the balance in the Supplies account as of January 1, 2019? d. What is the balance in the Supplies Expense account as of January 1, 2019? Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Reg B2 Bal Sheet Req B3 CF Stmt Reqs C and D Prepare a balance sheet for the 2018 accounting period. YARD PROFESSIONALS INC. Balance Sheet As of December 31, 2018 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity