Req A1 Req A2 Post the events to T-accounts. Beginning Balance 1. 3. Cash Equipment -...

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Req A1 Req A2 Post the events to T-accounts. Beginning Balance 1. 3. Cash Equipment - Cooktop Beginning Balance 34,000 13,000 2. 2. 13,000 21,000 12,800 4. Ending Balance 29,200 Ending Balance 13,000 Accumulated Depreciation Common Stock Beginning Balance Beginning Balance Ending Balance Ending Balance Sales Revenue Salaries Expense Beginning Balance Beginning Balance Ending Balance Ending Balance Depreciation Expense Beginning Balance Ending Balance Req B1 Req B2 Prepare a statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a min GULF SEAFOOD Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: $ 0 Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Net change in cash Ending cash balance 0 0 0 $ 0 < Req B1 Req B2 > c. What is the net income for Year 1? Net income d. What amount of depreciation expense would Gulf Seafood report on the Year 2 income statement? Depreciation expense e. What amount of accumulated depreciation would Gulf Seafood report on the December 31, Year 2, balance sheet? Accumulated depreciation Req A1 Req A2 Post the events to T-accounts. Beginning Balance 1. 3. Cash Equipment - Cooktop Beginning Balance 34,000 13,000 2. 2. 13,000 21,000 12,800 4. Ending Balance 29,200 Ending Balance 13,000 Accumulated Depreciation Common Stock Beginning Balance Beginning Balance Ending Balance Ending Balance Sales Revenue Salaries Expense Beginning Balance Beginning Balance Ending Balance Ending Balance Depreciation Expense Beginning Balance Ending Balance Req B1 Req B2 Prepare a statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a min GULF SEAFOOD Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: $ 0 Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Net change in cash Ending cash balance 0 0 0 $ 0 < Req B1 Req B2 > c. What is the net income for Year 1? Net income d. What amount of depreciation expense would Gulf Seafood report on the Year 2 income statement? Depreciation expense e. What amount of accumulated depreciation would Gulf Seafood report on the December 31, Year 2, balance sheet? Accumulated depreciation