5 Cowboy Ice Cream (CIC) had the following events in the Year 1 flacat year L. The company started when it acquired 517000 cash by issuing common stock 2. Purchased a new cooktop that cost $15,000 cash 3. Farned $22.400 in cash revenue 4. Paid SIOJO0 cash for salaries expense 5. Apusted the records to reflect the use of the Cooktop. Purchased on January 1 Year 1, the cooktop has an expected useful le of four years and an estimated salvage value of $2,600 Use straight line depreciation. The adjusting entry was made as of December 31, Yeart 25 Required a. Record the above transactions in a nomzontal statements model What amount of depreciation expense would CIC report on the Year 1 income statement c. What amount of accumulated depreciation would CIC report on the December 31, Year 2 balance sheet? d. Would the cash flow from operating activities be affected by depreciation in Year 1 Complete this question by entering your answers in the tabs below. Reg Reg to t. What amount of depreciation expense would CIC report on the Year 1 income statement? c. What amount of accumulated depreciation would CIC report on the December 31, Year 2, balance sheet? d. Would the cash flow from operating activities be affected by depreciation in Year 12 Depreciation expense on Year I income statement Accumulated depreciation on December 31. Year 2. balance sheet Would the cash flow from operating activities be affected by depreciation in Year 1?