Yard Professionals Incorporated experienced the following events in Year 1, its first year of operation: 1. Performed services for $24.500 cash. 2. Purchased $4,600 of supplies on account 3. A physical count on December 31 Year 1. found that there was $1.030 of supplies on hand. Required Based on this information alones o. Record the events in general ledger accounts under an accounting equation b. Prepare an income statement, balance sheet and statement of cash flows for the Year 1 accounting period 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. RenA Reginc De B Se Stro S Sheet Red Cand Cash flows Record the events in general ledger accounts under an accounting equation (Enter any decreases to account balances with a mussion) YARO PROFESSIONALS INC Effect of Events on the Accounting Equation Assets Lists Event Accounts Supe Payable 14 provided service 2 Pcs Stockholders Equity Retained Earnings Cash Req Bine Stunt > -20 Complete this question by entering your answers in the tabs below. Reg A Req B Inc Stmt Req B Bal Sheet Req B Stmt of Cash Flows Reg C and D Prepare an income statement for the Year 1 accounting period. YARD PROFESSIONALS INC. Income Statement For the Year Ended December 31, Year 1