Yard Designs (YD) experienced the following events in 2018, its first year of operation: 1. On October 1, 2018, YD collected $26,400 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 2018. 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. Ignoring all other future events, what is the amount of service revenue that would be recognized in 2019? Reg A Req B1 Inc Reg B2 Bal Req B3 CF Stmt Sheet Stmt Reqc Record the events under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) YARD DESIGNS Accounting Equations for the Year 2018 Assets Liabilities Stockholders Equity Unearned Retained Event Cash Revenue Earnings Event Adjusting 0 + + + + + 0 Reg A Req B1 Inc Req B2 Bal Req B3 CF Stmt Reqc Sheet Stmt Prepare an income statement for the 2018 accounting period. (Do not round intermediate calculations.) YARD DESIGNS Income Statement For the Year Ended December 31, 2018 S 0 Reg A Req B1 Inc Stmt Reg B2 Bal Sheet Req B3 CF Stmt Reqc Prepare a balance sheet for the 2018 accounting period. (Do not round in YARD DESIGNS Balance Sheet As of December 31, 2018 Assets S 0 Total assets Liabilities S 0 Total liabilities Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity S 0 Req A Req B1 Inc Req B2 Bal Stmt Sheet Req B3 CF Stmt Reqc Prepare the statement of cash flows for the 2018 accounting period. (Do no YARD DESIGNS Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash 0 Ending cash balance 0 a Reg A Req B1 Inc Req B2 Bal Req B3 CF Stmt Sheet Stmt Reqc Ignoring all other future events, what is the amount of service revenue t intermediate calculations.) Service revenue to be recognized in 2019