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

The company started when it acquired $$20,000$ cash by issuing common stock.

Purchased a new cooktop that cost $$13,300$ cash.

Earned $$20,700$ in cash revenue.

Paid $$10,600$ 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 $$2,400.$ Use straight$-$line depreciation. The adjusting entry was made as of December $31,$ Year $1.$

Required

Record the above transactions in a horizontal statements model.

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

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

Would the cash flow from operating activities be affected by depreciation in Year $1?$