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Exercise $8-7$A $($Algo$)$ Effect of depreciation on the accounting equation and financial statements LO $8-2$

$[$The following information applies to the questions displayed below.$]$

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 $$14,800$ cash.

Earned $$22,500$ in cash revenue.

Paid $$10,100$ 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 $$2,200.$ Use straight$-$line depreciation. The adjustment was made as of December $31,$ Year $1.$

Exercise $8-7$A $($Algo$)$ Part c

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

Accumulated depreciation