The following transactions pertain to Accounting Solutions Inc. Assume the transactions for the purchase of the computer and any capital Improvements occur on January 1 each year. Year 1 1. Acquired $61,000 cash from the issue of common stock. 2. Purchased a computer system for $26,300. It has an estimated useful life of five years and a $3,540 salvage value. 3. Pald $1,400 sales tax on the computer system. 4. Collected $30,920 In fees from clients. 5. Paid $1,260 In fees for routine maintenance to service the computers. 6. Recorded double-declining-balance depreciation on the computer system for Year 1. Year 2 1. Pald $830 for repairs to the computer system. 2. Bought off-site backup services to maintain the computer system, $1,090. 3. Collected $33,920 In fees from clients. 4. Paid $930 in fees to service the computers. 5. Recorded double-declining-balance depreciation for Year 2. Year 3 1. Pald $3,400 to upgrade the computer system, which extended the total life of the system to six years. The salvage value did not change. 2. Pald $940 In fees to service the computers. 3. Collected $36,150 In fees from clients. 4. Recorded double-declining-balance depreciation for Year 3. Complete this question by entering your answers in the tabs below. Req B3 Bal Sheet Reg B4 Cash Flows Req A Year 1 Req A Year 2 Req A Year 3 Req B1 Inc Req B2 Stmt Stmt of Changes Prepare income statements for Year 1, Year 2, and Year 3. ACCOUNTING SOLUTIONS INC. Income Statement For the Year Ended December 31 Year 1 Year 2 Year 3 Expenses Total expenses