Prepare an income statement, balance sheet, and statement of cash flow for 2016 accounting period.

Life Inc. experienced the following events in 2016, its first year or operation
1. Performed counseling services for 36,000 cash.
2. On February 1, 2016, paid $18,000 cash for rent office 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 under an accounting equation
b. Prepare an income statement, balance sheet, and statement of cash flow for 2016 accounting period.
c. Ignoring all other future events, what is the amount or rent expense that would be recognized in 2017.