Life, Inc., experienced the following events in Year 1, its first year of operation: Performed counseling services for $33,200 cash.
On February 1, Year 1, paid $23,400 cash to rent office space for the coming year.
Adjusted the accounts to reflect the amount of rent used during the year.

Required
Based on this information alone:
Record the events under an accounting equation.
Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period.
Ignoring all other future events, what is the amount of rent expense that would be recognized in Year 2?