The following transactions relate to Academy Towing Service. Assume the transactions for the purchase of the wrecker and any capital improvements occur on January 1 of each year. Assume all transactions were in cash. Year 1 Acquired $90,000 cash from the issue of common stock. Purchased a used wrecker for $52,000. It has an estimated useful life of three years and a $7,000 salvage value. Paid sales tax on the wrecker of $3,000. Collected $76,100 in towing fees. Paid $14,000 for gasoline and oil. Recorded straight-line depreciation on the wrecker for Year 1. Closed the revenue and expense accounts to Retained Earnings at the end of Year 1. Year 2 Paid for a tune-up for the wreckers engine, $2,900. Bought four new tires, $3,250. Collected $82,000 in towing fees. Paid $20,000 for gasoline and oil. Recorded straight-line depreciation for Year 2. Closed the revenue and expense accounts to Retained Earnings at the end of Year 2. Year 3 Paid to overhaul the wreckers engine, $6,800, which extended the life of the wrecker to a total of four years. The salvage value did not change. Paid for gasoline and oil, $21,100. Collected $85,000 in towing fees. Recorded straight-line depreciation for Year 3. Closed the revenue and expense accounts at the end of Year 3. Required Use a horizontal statements model to show the effect of these transactions on the elements of financial statements. Use + for increase, for decrease, and leave blank for not affected. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year 1, Year 2, and Year 3