Show me the steps to solve Complete this question by entering your answers in the tabs below.

Req B$2$

Organize the transaction data in accounts under an accounting equation.

Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Complete this question by entering your answers in the tabs below.

Req B$1$

Req B$3$

Prepare an income statement for Year $1.$

HOLMES CLEANING SERVICE

Income Statement Complete this question by entering your answers in the tabs below.

Req B$1$

Req B$2$

Prepare a balance sheet for Year $1.$Req $A$

Req B$1$

Req B$3$

Prepare a statement of cash flows for Year $1.$

Note: Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[$HOLMES CLEANING SERVICE,,$],[$Sor the Year Ended December $31,$ Year $1,,],[$Cash flows from operating activities,,$],[,,],[$Net cash flow from operating activities,,$],[$Cash flows from investing activities,,$],[$Cash flows from financing activities,,$],[$Net change in cash,,$],[,,],[$Ending cash balance,,$]]$