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5 The following transactions certain to Accounting Solutions neAssume the benections for the purchase of the computer and any capital Improvements occur on Julesch year. 20 Year 1 1 1. Acquired $63,000 cash from the issue of common stock 2. Purchased computer system for $23.500. It has an estimated useful le of five you and a $3,400 salvage value 3. Paid $4600 sales tax on the computer system 4. Collected $33,020 in fees from cients 5. Paid $1270 in fees for routine maintenance to service the computers 6. Recorded double declining bilance depreciation on the computer system for Your Year 2 L. Paid $980 for repairs to the computer system 2. Bought offsite backup services to maintain the computer system, 51010 3. Collected $36.820 in foes from clients 4. Paid $810 in foes to service the computers 5. Recorded double-decining balance depreciation for your 2 Year 1. Paid $3.400 to upgrade the computer system which extended the total of the system to six years. The salvage value did not change 2. Ped 3960 I fees to service the computer 3. Colected $32.400 in fees from clients 4. Recorded double-declining balance depreciation for Year 3 Required a. Record the above transactions in a horontal statements model - Prepare income Moments for Yeart Year 2. and Year -2. Prepare statement of changes in stockholders equity for Yeart Year 2 nd Year 3. b-3. Prepare balance sheets for Yeart Year 2 nd Year 14. Prepare statements of cash flows for Yeart Year 2 nd Year Answer is not complete Complete the question by entering your answers in the tabe below Line ch Had A Years HAY MAY 2 Changes Sheet Record the above transaction in a home made for Year 1. in the wind whether the naming (OA), wa CIA), ang CASO Change (NC), I want is not affected by the narray Bon behuts with a mission will require entry) ACCOUNTING SOLUTIONS