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 1. Acquired $61,000 cash from the issue of common stock. 2. Purchased a computer system for $23,000. It has an estimated useful life of five years and a $2,450 salvage value. 3. Paid $1,500 sales tax on the computer system. 4. Collected $33,290 in fees from clients. 5. Paid $1,360 in fees for routine maintenance to service the computers. 6. Recorded double-declining-balance depreciation on the computer system for 2018. 2019 1. Paid $920 for repairs to the computer system. 2. Bought off-site backup services to maintain the computer system, $1,350. 3. Collected $36,290 in fees from clients. 4. Paid $980 in fees to service the computers. 5. Recorded double-declining-balance depreciation for 2019. 2020 1. Paid $3,500 to upgrade the computer system, which extended the total life of the system to six years. The salvage value did not change. 2. Paid $970 in fees to service the computers. 3. Collected $34,060 in fees from clients. 4. Recorded double-declining-balance depreciation for 2020. ACCOUNTING SOLUTIONS INC. Income Statement For the Year Ended December 31 2018 2019 2020 Expenses Total expenses 0 0 0 b-2. Prepare a statements of changes in stockholders' equity for 2018, 2019, and 2020. ACCOUNTING SOLUTIONS INC. Statements of Changes in Stockholders' Equity For the Year Ended December 31 2018 2019 Beginning common stock 2020 0 0 0 Ending common stock Beginning retained earnings 0 0 0 Ending retained earnings Total stockholders' equity $ 0 $ 0 $ 0 b-3. Prepare a balance sheet for 2018, 2019, and 2020. ACCOUNTING SOLUTIONS INC. Balance Sheet As of December 31 2018 2019 2020 Assets Total Assets $ 0 $ 0 $ 0 Liabilities Stockholders' equity 0 0 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 $ 0 $ 0 b-4. Prepare a statements of cash flows for 2018, 2019, and 2020. (Amounts to be deducted should be indicated with a minus sign.) ACCOUNTING SOLUTIONS INC. Statements of Cash Flows 2018 2019 2020 Cash flows from operating activities 0 0 0 Net cash flows from operating activities Cash flows from investing activities 0 0 0 Net cash flows from investing activities Cash flows from financing activities 0 0 0 Net cash flows from financing activities Net change in cash 0 0 0 Ending Cash Balance $ 0 $ 0 $ 0