Please note: I have answered all question correctly but when I try to submit it says INCOMPLETE:

Life, Incorporated experienced the following events in Year 1, its rst year of operation: 1. Performed counseling services for $26,000 cash. 2. On February 1, Year 1, paid $18,000 cash to rent ofce space for the coming year. 3. Adjusted the accounts to reflect the amount of rent used during the year. Required Based on this information alone: a. 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. 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 A Req B Inc Req B Bal Req B Stmt of Stmt Sheet Cash Flows Req C Record the events in general ledger accounts under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) LIFE, INC. Effect of Events on the Accounting Equation Stockholders' Assets Event Equity Retained Cash Prepaid Rent Earnings 1. Performed services 26,000 0 26,000 2. Prepaid rent (18,000) 18,000 0 3. Used rent 0 Totals 8,000 18,000 26,000 Req A Req B Inc Req B Bal Req B Stmt of Stmt Sheet Cash Flows Req C Prepare an income statement for the Year 1 accounting period. (Do not round intermediate calculations.) LIFE, INC. Income Statement For the Year Ended December 31, Year 1 Revenue $ 26,000 Expense Net income EA 26,000Req B Bal Req B Stmt of Req A Req B Inc Req C Stmt Sheet Cash Flows Prepare a balance sheet for the Year 1 accounting period. (Do not round intermediate calculations.) LIFE, INC. Balance Sheet As of December 31, Year 1 Assets Cash $ 8,000 Prepaid rent 1,500 Total assets $ 9,500 Liabilities $ 0 Stockholders' Equity Retained earnings $ 9,500 Total stockholders' equity 9,500 Total liabilities and stockholders' equity $ 9,500Req A Req B Inc Req B Bal Req B Stmt of Sheet Cash Flows Req C Stmt Prepare a statement of cash flows for the Year 1 accounting period. (Amounts to be deducted should be indicated with a minus sign.) LIFE, INC. Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: Cash receipt from revenue $ 26,000 Cash payment for rent (18,000) Net cash flow from operating activities $ 8,000 Cash flows from investing activities 0 Cash flows from financing activities: 0 Net change in cash 8,000 Ending cash balance $ 8,000Req A Req B Inc Req B Bal Req B Stmt of Stmt Sheet Cash Flows Req C Ignoring all other future events, what is the amount of rent expense that would be recognized in Year 2? (Do not round intermediate calculations.) Rent expense to be recognized in Year 2 $ 1,500