The company started when it acquired $$17,000$ cash by issuing common stock.

Purchased a new cooktop that cost $$13,100$ cash.

Earned $$21,800$ in cash revenue.

Paid $$10,800$ 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 $$2,500.$ Use straight$-$line depreciation. The adjustment was made as of December $31,$ Year $1.$

Required:

a$.$ Record the above transactions in a horizontal statements model.

Note: In the Statement of Cash Flows column, use the initials $($OA$),$ an investing activity $($IA$),$ a financing activity $($FA$)$ and net change in cash $($NC$).$ Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.

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