Show me the steps to solve GULF SEAFOOD

Horizontal Statements Model

$\backslash$table$[[$Event$,$Balance Sheet,Income Statement,$\backslash$table$[[$Statement of$],[$Flows$]]],[$Assets$,=,$Stockholder's Equity,Revenue,Expense,$=,$Net Income$],[$Cash$,+,\backslash$table$[[\backslash$table$[[$Equipment$],[($BV$)]]]],=,\backslash$table$[[$Common$],[$Stock$]],+,\backslash$table$[[$Retained$],[$Earnings$]]],[1.,19,000,+1,0,=,,+,0,0,-,0,=,,],[2.,,+,14,200,=,0,+,0,0,-,0,=,0,],[3.,,+,0,=,0,+,,21,100,-,0,=,21,100,],[4.,,+,0,=,0,+,,,-,10,200,=,,],[5.,,+,,=,0,+,,0,-,,=,,0],[$Balance$,19,000,+,14,200,,=,0,+,0,21,100,\backslash$table$[[-,1,1,1]],10,200,=,21,100,0]]$ Required information

$[$The following information applies to the questions displayed below.$]$

The following events apply to Gulf Seafood for the Year $1$ fiscal year:

The company started when it acquired $$19,000$ cash by issuing common stock.

Purchased a new cooktop that cost $$14,200$ cash.

Earned $$21,100$ in cash revenue.

Paid $$10,200$ cash for salaries expense.

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 $$2,900.$ Use straight$-$line

depreciation. The adjustment was made as of December $31,$ Year $1.$

b$.$ What amount of depreciation expense would Gulf Seafood report on the Year $1$ income statement? Required information

$[$The following information applies to the questions displayed below.$]$

The following events apply to Gulf Seafood for the Year $1$ fiscal year:

The company started when it acquired $$19,000$ cash by issuing common stock.

Purchased a new cooktop that cost $$14,200$ cash.

Earned $$21,100$ in cash revenue.

Paid $$10,200$ cash for salaries expense.

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 $$2,900.$ Use straight$-$line

depreciation. The adjustment was made as of December $31,$ Year $1.$

c$.$ What amount of accumulated depreciation would Gulf Seafood report on the December $31,$ Year $2,$ balance sheet?