The following transactions pertain to Accounting Solutions Inc. Assume the transactions for the purchase of the computer and any capital improvements occur on January 1each year.

Year 1.

1.Acquired 61,000 cash from the issue of common stock.

2.Purchased a computer system for 26,200. It has an estimated useful life of five years and a $3,170 salvage value.

3.Paid 1,300 sales tax on the computer system.

4.Collected 38,220 in fees from clients

5.Paid 1,030 in fees for routine maintenance to service the computers.

6.Recorded double-declining-balance depreciation on the computer system for Year 1.

Provide a horizontal income statement