Yard Designs (YD) experienced the following events in Year 1. its first year of operation: 1. On October 1, Year 1, YD collected $54,000 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 Year 1. 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 Year 1 accounting period. c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 2? Complete this question by entering your answers in the tabs below. Rega Req B1 Inc Req 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 Year 1 Stockholders' Assets Liabilities Equity Event Retained Cash Uneamed Revenue Earnings Event Adjusting O 0+ + ### + 0 Rex Req B1 Inc Stmt