Need the chart please

xercise 6-7A (Algo) Effect of depreciation on the accounting equation and financial statements LO 6-2 he following events apply to Gulf Seafood for the Year 1 fiscal year: 1. The company started when it acquired $17,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $16,900 cash. 3. Earned $21,000 in cash revenue. 4. Pald $10,500 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 ife of fouf years and an estimated salvage value of $2,200. Use straight-fine depreciation. The adjusting entry was made as of December 31, Year 1 Required a. Record the above transactions in a horizontal statements model, b. What amount of depreciation expense would Guit Seafood report on the Year 1 income statement? c. What amount of accumulated depreciation would Guif Seafood 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. Record the above transactions in a horizontal statements model. (In the Cash flow column, indicate whether the itein is an operating activity (OA), an investing acimity (1A), a financing activity (FA), or net change in cash (NC) If the element is not affected by the tvent, leave the ceet biank, Enter any decreases co account baiances and cach outhows with a minus slgh. Not all celis will require entry.) Complete this question by entering your answers in the tabs below. Record the above transactions in a horientas statement model. (In the Cash Fow column, indicate whether the item is an operating octivity (OA), sn investing octivity (IA), a hinanding activity (FA), of net change in cash (NC). If the dement is not affected by the event, leave the cell biank. Enter any decreases to account balances and cash euthews with a minsis 3gn. Not all celis wil require entry.)