The following transactions pertain to Accounting Solutions Inc. Assume the transactions for the purchase of the computer and a Capital Improvements occur on January 1 each year. Year 1 1. Acquired $60,000 cash from the issue of common stock. 2. Purchased a computer system for $25,200. It has an estimated useful life of five years and a $2,100 salvage value. 3. Paid $1,600 sales tax on the computer system. 4. Collected $32,710 in fees from clients. 5. Paid $1,440 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. Paid $740 for repairs to the computer system. 2. Bought off-site backup services to maintain the computer system, $1,430 3. Collected $35,710 in fees from clients. 4. Paid $970 in fees to service the computers.