Problem 6-1 20 points The following events apply to Beals Co for the 2021 fiscal year: 6 Adjusted the records to reflect the use of the Vehicle. The vehicle, purchased on January 1 , 2021 , has an expected useful life of five years and an estimated salvage value of $10,500 Use straight-line depreciation. The depreciation transaction was made as of December 31, 2021. REQUIRED a. Record the above transactions in a horizontal statements model b. What amount of depreciation expense would Beals Co report on the 2021 income statement? c. What amount of accumulated depreciation would Beals Co report on the December 31, 2021, balance sheet? d. Would the cash flow from operating activities be affected by depreciation in 2021