Yard Professionals Inc. experienced the following events in Year 1, its first year of operation: 1. Performed services for $18,000 cash. 2. Purchased $6,400 of supplies on account 3. A physical count on December 31, Year 1, found that there was $1,270 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 Year 1 accounting per c. What is the balance in the Supplies account as of January 1, Year 2? d. What is the balance in the Supplies Expense account as of January 1, Year 2? Complete this question by entering your answers in the tabs below. Req A Req 81 Inc Stmt Req 82 Bal Sheet Req B3 CF Stmt Req C and D Record the events under an accounting equation. (Not all cells require input. Enter any decreases to account ba minus sign.) YARD PROFESSIONALS INC. Effect of Events on the Accounting Equation Event 1 Provided service 2 Purchased supplies 3. Used supplies Totals Stockholders' Assets Liabilities Accounts Equity Retained Cash Supplies Payable Earnings 0 a + + O Req B1 Inc Stmt