Please ignore my computations, I am pretty sure theyre wrong. Can you please help me figure out the correct answers?

The 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 $13,800 cash. 3. Earned $23,600 in cash revenue 4. Paid $11,800 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 $2,300. Use straight-line depreciation. The adjusting entry was made as of December 31. Year 1 sign. Not all Event GULF SEAFOOD Horizontal Statements Model Balance Sheet Income Statement Assets Equity Statement of Cash BV Net Common Retained Revenue Expense Cash Flows Equipment Income Stock Eamings 17.000 117000 FA (13,800) 13 800 (13.800 IA 23,600 23,600 23,600 23,600 23 500 OA (12.800) (11 800) 11.800 111,800 OA (2.925) 2.925 (2.925) NC 15,000+ 10,875 - 11,800 23,600 - 14,725 20,675 15,000 1 1 2 3 4. 5. Bal Reg A Reg B to D b. What amount of depreciation expense would Gulf Seafood report on the Year 1 income statement? c. What amount of accumulated depreciation would Gulf 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? Show less S S 2.925 5,850 b. Depreciation expense on Year 1 income statement c. Accumulated depreciation on December 31, Year 2 balance sheet Would the cash flow from operating activities be affected by d. depreciation in Year 12