Holmes cleaning service began operation on january 1, 2018. the company experienced the following events for its first year of operations: events affecting 2018: provided $150,000 of cleaning services on account. collected $112,500 cash from accounts receivable. paid salaries of $42,000 for the year. adjusted the accounts to reflect management’s expectations that uncollectible accounts expense would be $1,300. the expense was determined using the percent of revenue method. required organize the transaction data in accounts under an accounting equation. prepare an income statement, a balance sheet, and a statement of cash flows for 2018.