Helse Sut 6 Part 4 of 6 Required information The following information applies to the questions displayed below The following events apply to Gulf Seafood for the Year 1 fiscal year 1,31 pomes . 1. The company started when it acquired $60,000 cash by issuing common stock 2. Purchased a new cooktop that cost $40.000 cash 3. Eamed $72.000 in cash revenue 4. Paid $25,000 cash for salaries expense 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1 Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $4000. Use straight-line depreciation. The adjusting entry was made as of December 31 Year 1 Helene d. What amount of depreciation expense would Gulf Seafood report on the Year 2 income statement? Depreciation expense