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

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

Purchased a new cooktop that cost $$15,400$ cash.

Earned $$21,800$ in cash revenue.

Paid $$11,700$ 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 $$2,600.$ 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 model.

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

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

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