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. Paid $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. Paid $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. Paid $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. Paid $940 In fees to service the computers. 3. Collected $36,150 In fees from clients. 4. Recorded double-declining-balance depreciation for Year 3.Req B2 Stimt Req A Year 1 Req A Year 2 Req A Year 3 Req B1 Inc Req B3 Bal Req 84 Cash Stmt of Changes Sheet Flows Prepare statements of cash flows for Year 1, Year 2, and Year 3. (Cash outflows should be indicated with a minus sign.) ACCOUNTING SOLUTIONS INC. Statement of Cash Flows For the Year ended December 31 Year 1 Year 2 Year 3 Cash flows from operating activities Net cash flows from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities Net cash flows from financing activities Net change in cash Ending Cash Balance