Problem 6-1 The following events apply to Seaver & Koosman Co for the 2018 fiscal year: $147,000 cash from the issue of common stock 1 Received 2 Paid 3 Paid 4 Earned 5 Paid 6 Adjusted the records to reflect the use of the Vehicle. The vehicle, purchased on January 1, $70,000 for a new for Vehicle $47,600 cash for operating expenses $217,000 in cash revenue $101,500 cash for salaries expense $24,500 2018, has an expected useful life of five years and an estimated salvage value of Use straight-line depreciation. The adjusting entry was made as of December 31, 2018 REQUIRED Record the above transactions in a horizontal statements model What amount of depreciation expense would The Seaver & Koosman Co report on the 2018 income statement? What amount of accumulated depreciation would The Seaver & Koosman Co report on the December 31, 2018, balance sheet? Would the cash flow from operating activities be affected by depreciation in 2018? c. d