Required information [The following information applies to the questions displayed below.) A partial amortization schedule for a 5-year note payable that Mabry Company issued on January 1, 2018, is shown as follows. Accounting Period 2018 2019 2020 Principal Balance January 1 $119,000 99,508 78,067 Cash Payment $31, 392 31, 392 31,392 Applied to Interest $11,900 9,951 7.807 Applied to Principal $19,492 21,441 23,585 What is the amount of interest expense on this loan for 2021? (Round your nearest whole dollar amount.) nterest expense I ne ollowing information applies to the questions displayed below.] The following events apply to Gulf Seafood for the 2018 fiscal year: 1. The company started when it acquired $19,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $12,200 cash. 3. Earned $20,300 in cash revenue. 4. Paid $11,100 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, 2018, the cooktop has an expected useful life of four years and an estimated salvage value of $2,800. Use straight-line depreciation. The adjusting entry was made as of December 31, 2018 Required a. Record the above transactions in a horizontal statements model like the following one. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), a financing activity (FA) and net change in cash (NC). If the element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign.) GULF SEAFOOD Horizontal Statements Model Income Statement Balance Sheet Assets = Accumulated + Equipment - Depreciation - Statement of Cash Flows Event Equity Common Retained Stock Earnings Revenue - Expense = Net Income Cash Required information (The following information applies to the questions displayed below.) The following events apply to Gulf Seafood for the 2018 fiscal year: 1. The company started when it acquired $19,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $12,200 cash. 3. Earned $20,300 in cash revenue. 4. Paid $11,100 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, 2018, the cooktop has an expected useful life of four years and an estimated salvage value of $2,800. Use straight-line depreciation. The adjusting entry was made as of December 31, 2018. What amount of depreciation expense would Gulf Seafood report on the 2018 income statement? Depreciation expense