1737CME'rZZSpring Question 53 . Module 1 Textbook l G O E] mheducatloncom Module 1 Textbook Problems 0 Saved Help Save 8. Exit Submit Check my work Life, Inc., experienced the following events in Year 1, its rst year of operation: A 1. Performed counseling services for $22,800 cash. 2. On February 1, Year 1, paid $15,600 cash to rent office space for the coming year. 3. Adjusted the accounts to reflect the amount of rent used during the year. polnts H Required L . . . m Based on this Information alone: Pn'nt 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 rent expense that would be recognized in Year 2? Complete this question by entering your answers in the tabs below. Req Bl Inc Req 32 Bal Req B3 CF Req A Stmt Sheet Stmt Re\" c Record the events under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus Sign.) V ,0 T h t h _ , __ 10:12PM ype ere osearc 1122,2022 ACG3173_CMB-22Spring 00100 X Question 9 - Module 1 Textbook Prox *Homework Help - Q&A from Or X + X C O 8 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F > > E Module 1 Textbook Problems i Saved Help Save & Exit Submit Check my work 9 Req A Req Bi Inc Req B2 Bal Req B3 CF Stmt Sheet Stmt Req C Prepare an income statement for the Year 1 accounting period. (Do not round intermediate calculations.) 1 LIFE, INC. points Income Statement For the Year Ended December 31, Year 1 Hint Print Mc Graw Hill Type here to search O 10:12 PM 47.F 1/22/2022ACG3173_CMB-22Spring 00100 X Question 9 - Module 1 Textbook Pr X *Homework Help - Q&A from Or X + X C O 8 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F > > E Module 1 Textbook Problems i Saved Help Save & Exit Submit Check my work 9 Req A Req Bi Inc Req B2 Bal Req B3 CF Stmt Sheet Stmt Req C Prepare a balance sheet for the Year 1 accounting period. (Do not round intermediate calculations.) 1 LIFE, INC. points Balance Sheet As of December 31, Year 1 Hint Assets Print Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Mc Graw Hill Type here to search O 10:15 PM 46.F 1/22/2022ACG3173_CMB-22Spring 00100 X Question 9 - Module 1 Textbook Pr X *Homework Help - Q&A from Or x + X C O 8 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F > > E Module 1 Textbook Problems i Saved Help Save & Exit Submit Check my work 9 LIFE, INC. Statement of Cash Flows For the Year Ended December 31, Year 1 1 Cash flows from operating activities: points Hint Net cash flow from operating activities Print Cash flows from investing activities Cash flows from financing activities Net change in cash Ending cash balance Mc Graw Hill Type here to search O 10:15 PM 46.F 1/22/2022ACG3173_CMB-22Spring 00100 X Question 9 - Module 1 Textbook Prox *Homework Help - Q&A from Or x + X C O 8 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252F > > E Module 1 Textbook Problems i Saved Help Save & Exit Submit Check my work c. Ignoring all other future events, what is the amount of rent expense that would be recognized in Year 2? Complete this question by entering your answers in the tabs below. 1 points Req A Req B1 Inc Req B2 Bal Req B3 CF Stmt Sheet Stmt Req C Hint Ignoring all other future events, what is the amount of rent expense that would be recognized in Year 2? (Do not round Print intermediate calculations.) Rent expense to be recognized in Year 2 Mc Graw Hill Type here to search O 10:15 PM 46.F 1/22/2022