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 $20.000 cash by issuing common stock. 2. Purchased a new cooktop that cost $12,300 cash. 3. Earned $20,900 in cash revenue. 4. Paid $10,300 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 straightiline depreciation. The adjustment was made as of December 31, Year 1. Required: o. Record the above transactions in a horizontal statements model. Note: In the Stotement of Cosh Flows column, use the initials (OA), on investing activity (IA), a financing activity (FA) and net change in cash (NC). Enter any decreases to account balances ond cosh outflows with a minus sign. Not all cells require input