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 2018 Acquired $55,000 cash from the issue of common stock Purchased a computer system for $27,500 It has an estimated useful life of five years and a $3,100 salvage value Paid $1,300 sales tax on the computer system Collected $38,780 in fees from clients Paid $1,470 in fees for routine maintenance to service the computers Recorded double declining balance depreciation on the computer system for 2018 2019 Paid $790 for repairs to the computer system Bought off site backup services to maintain the computer system, $1,310 Collected $41,780 in fees from clients Paid $840 in fees to service the computers Recorded double declining balance depreciation for 2019 2020 Paid $2,900 to upgrade the computer system, which extended the total life of the system to six years The salvage value did not change Paid $860 in fees to service the computers Collected $38,740 in fees from clients Recorded double declining balance depreciation for 2020 2018 2019 2020 Service fee Total expenses b 2 Prepare e statements of changes in stockholders equity for 2018, 2019, and 2020 Statements of Changes in Stockholders Equity For the Year Ended December 31 2018 2019 Boginning common stock Stock iasued Ending common stock Beginning retained eamings Ending retained eaming8 Total stockholders' equity b 3 Prepare a balance sheet for 2018, 2019, and 2020 Balance Sheet As of December 31 2018 2019 2020 Cash Total Assets Stockholders'equity Common stock Retained eamings Total stockholders' equity Total liabilitics and stockholders' equity b 4 Prepare a statements of cash flows for 2018, 2019, and 2020 (Amou ACCOUNTING SOLUTIONS INC Statements of Cash Flows 2018 2019 2020 Cash flows from operating activities Cash inflow from revenue Cash outflow for expenses Net cash flows from operating activities Cash flows from investing activities Cash outflow for computer Net cash flows from investing activities Cash flows from financing activities Cash inflow from stock issue Net cash flows from financing activities Net change in cash Beginning cash balance Ending Cash Balance

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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

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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.

2018

Acquired $55,000 cash from the issue of common stock.
Purchased a computer system for $27,500. It has an estimated useful life of five years and a $3,100 salvage value.
Paid $1,300 sales tax on the computer system.
Collected $38,780 in fees from clients.
Paid $1,470 in fees for routine maintenance to service the computers.
Recorded double-declining-balance depreciation on the computer system for 2018.

2019

Paid $790 for repairs to the computer system.
Bought off-site backup services to maintain the computer system, $1,310.
Collected $41,780 in fees from clients.
Paid $840 in fees to service the computers.
Recorded double-declining-balance depreciation for 2019.

2020

Paid $2,900 to upgrade the computer system, which extended the total life of the system to six years. The salvage value did not change.
Paid $860 in fees to service the computers.
Collected $38,740 in fees from clients.
Recorded double-declining-balance depreciation for 2020.

2018 2019 2020 Service fee Total expenses b-2. Prepare e statements of changes in stockholders equity for 2018, 2019, and 2020. Statements of Changes in Stockholders Equity For the Year Ended December 31 2018 2019 Boginning common stock Stock iasued Ending common stock Beginning retained eamings Ending retained eaming8 Total stockholders' equity b-3. Prepare a balance sheet for 2018, 2019, and 2020. Balance Sheet As of December 31 2018 2019 2020 Cash Total Assets Stockholders'equity Common stock Retained eamings Total stockholders' equity Total liabilitics and stockholders' equity b-4. Prepare a statements of cash flows for 2018, 2019, and 2020. (Amou ACCOUNTING SOLUTIONS INC. Statements of Cash Flows 2018 2019 2020 Cash flows from operating activities Cash inflow from revenue Cash outflow for expenses Net cash flows from operating activities Cash flows from investing activities Cash outflow for computer Net cash flows from investing activities Cash flows from financing activities Cash inflow from stock issue Net cash flows from financing activities Net change in cash Beginning cash balance Ending Cash Balance