Problem 3-25A (Algo) Basic transactions for three accounting cycles: Perpetual system LO 3.6 Blooming Flower Company was started in Year 1 when it acquired $61,100 cash from the issue of common stock. The following data summarize the company's first three years' operating activities. Assume that all transactions were cash transactions. Required Prepare an income statement (use multistep format) and balance sheet for each fiscal year. (Hint Record the transaction data for each accopunting period in the accounting equation before preparing the statements for that year) Complete this question by entering your answers in the tabs below. Prepare a balance sheet for each fiscal year. (Hint: Record the transaction data for each accounting period in the accounting equation before preparing the statements for that year.)