List the annual transactions for each year in a Horizontal Transaction Analysis table.

Year 1

1. Sign note for $30,000 @ 8%, issue stock for $33,000
2. Purchase displays and tools for $15,000 cash; SL Depreciation 5 yr. useful life, $0 salvage value
3. Purchase inventory for $16,000 cash
4. Service revenue of $18,000, sales revenue of $25,000 with a COGS of $12,500
5. Total Operating expenses of $19,800 (Depr. Exp. = equip. cost x 1/5) (Interest Exp. = Note Pay. x 8% x 12/12)
   1. Salaries expense of $7,000
   2. Rent expense of $8000
   3. Insurance and utilities expense of $4,000

Year 2

1. Purchase inventory for $14,000 cash
2. Service revenue of $19,800
3. Sales revenue of $27,500 w/ COGS of $13,750
4. Total Operating expense of $19,700 (Depr. Exp. = equip. cost x 1/5) (Interest Exp. = Note Pay. x 8% x 12/12)
   1. Salaries $7,700
   2. Rent $8000
   3. Insurance & Utilities $4,000
5. Dividend payment on common stock x 5%

Year 3

1. Purchase inventory for $20,000 cash
2. Service revenue of $23,800
3. Sales revenue of $33,000 w/ COGS of $16,500
4. Repayment of of the original note
5. Total operating expenses of $27,700 (Depr. Exp. = equip. cost x 1/5) (Interest Exp. = Note Pay. x 8% x 12/12)
   1. Salaries $9,200
   2. Rent $8,000
   3. Insurance & Utilities $4,000
   4. Advertising $4,000
   5. Maintenance $2,500
6. Dividend payment on common stock x 10%

Year 4

1. Purchase inventory for $20,000 cash
2. Service revenue $27,500
3. Sales revenue $37,950 w/ COGS $18,975
4. Repayment of original note
5. Total operating expenses of $22,600 (Depr. Exp. = equip. cost x 1/5) (Interest Exp. = Note Pay. x 8% x 12/12)
   1. Salaries $10,600
   2. Rent $8,000
   3. Insurance & Utilities $4,000
6. Payment of common stock x 10%