The following events apply to Guif Seafood for the Year 1 fiscal year. 1. The company started when it acquired $19,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $13,200 cash 3. Earned $20,500 in cash revenue. 4. Paid $11,000 cash for salarles expense 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year t, the cooktop has an expected useful life of four years and an estimated solvage value of $2,100. Use straight-line depreciation. The adjusting entry was made as of December 31. Year 1. Required a. Record the above transactions in a horizontal statements modet. b. What amount of depreciation expense would Gult Seafood report on the Yeat 1 income statement? c. What amount of accumulated depreciation would Gulf Seafood report on the Decembir 31, Year 2, balance sheet? d. Would the cash flow from operating activities be affected by depreciation in Yoar 1 ? Complete this question by entering your answers in the tabs below. Record the above transactions in a borizontal statements model, (In the Cash Flow column, indicate whether the item is an operaning activity (OA), an investing activity (IA), a financing activity (FA), or net change in cash (NC). If the element is not affected by the event, leave the cell blank. Fnter any decreases to account balances and cast outfows with a minus sign, Not ali cells wil require entry.)