Problem 4-25B Basic transactions for three accounting cycles: perpetual system Mano Company was started in Year 1 when it acquired $40,000 from the issue of common stock. The following data summarize the company's first three years' operating activities. Assume that all trans. actions were cash transactions. Required Prepare an income statement (use the multistep format) and balance sheet for each fiscal year. (Hint: Record the transaction data for each accounting period in T-accounts before preparing the statements for that year.)