In 20X0, Mary Velazquez became a Certified Public Accountant and started an accounting firm as a sole proprietorship. Mary prepares tax returns for clients. She chose December 31 for her fiscal year end. 20X0 - Year of Formation December 30,20X0 : Mary contributes $15,000 to the business as capital. December 31, 20X0: Mary purchases a compliter for use in her business for $6,000. 20X1 - 20X3 Years of Operations Mary begins operations by earning \& collecting the following fees from tax clients: Mary decides not to reinvest any cash in the business \& withdraws cash at the end of each year as follows: For the computer, use: Straight line (SL) depreciation method, 3 year useful life, no salvage value. Starting with a blank EXCEL file, prepare the following for the accounting firm, Mary Velazquez, CPA. 1. A depreciation schedule for the computer using straight line depreciation for 20X1 203. For each vear: (Hint: Complete each the following steps for each year before going on to the next year). 2. Record the Journal and Adjusting Entries. 3. Prepare an Adjusted Trial Balance. 4. Prepare an Income Statement (ignore income taxes). Note: Earnings Per Share (EPS) is not applicable for a sole proprietorship. 5. Prepare a Balance Sheet. 6. Prepare a Statement of Cash Flows. 7. Prepare closing entries and a Post-Closing Trial Balance. Upload your EXCEL file to Canvas by the due date. Only EXCEL files will be accepted. Your grade will be determined based on timely completion, good formatting, appropriate use of EXCEL formulas, and correctness of answers. You must submit your own originally created EXCEL file