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. The company started when it acquired $33,000 cash by issuing common stock. 2. Purchased o new cooktop that cost $12,900 cash. 3. Earned $21,300 in cash revenue. 4. Paid $13,400 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 five years and an estimated salvage value of 53,000 . Use straight line depreciation. The adjusting entry wos made as of December 31 , Year t. b. Prepare a balance sheet for the Year 1 accounting period. (Amounts to be deducted should be indicated by a minus sign.)