please help me with this question, make sure to answer all for a up vote and a good comment. i dont have any questions left for this month so plz help. thanks!

1. The company started when it acquired $16,000 cash by issuing common stock: 2. Purchased a new cooktop that cost $16,000 cash. 3. Eamed $23,900 in cash revenue: 4. Paid $12,500 cash for salaries expense 5. Adjusted the records to reflect the use of the cooktop. Purchased on January t. Year 1, the cooktop has an expected useful ife of four years and an estimated saivage value of $2,800 Use straight-line deprecation. The adjusting entry wasmade as of December 31, Year 1 Required o. 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 ? Complete this question by entering your answers in the tabs below. Record the above transactions in a horizontal statements model. (in the Cash flow columi, indicate whether the item is an operating activity (cA), an investing activity (IA), a financing activity (FA), of net change in cash (Tic), If the element is not affected by the nvent, leave the cell blank, Enter any decreasis to account balances and casef outflows with a minus sign. Not alf cells will require entry.) 1. The company started when it acquired $16,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $16,000 cash. 3. Earned $23,900 in cash revenue. 4. Paid $12,500 cash for salaries expense. 5. 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 $2,800. 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? Complete this question by entering your answers in the tabs below. b. What amount of depredation expense would Gulf 5 eafood report on the Year 1 income statement? c. What amount of accumulated depreciation would Gulf 5eafood report on the December 31, Year 2, balance sheet? d. Would the cash flow from operating activities be affected by depreciation in Year 17 City Taxi Service purchased a new auto to use as a taxi on January 1. Year 1, for $29,000. In addition, City paid sales tax and title fees of $1,130 for the vehicle. The taxi is expected to have a five-year life and a salvage value of $6,960. Required 0. Using the straight-line method, compute the depreciation expense for Year 1 and Year 2 (Round your answers to the nearest whole dollar omount.) b. Assume the auto was sold on January 1, Year 3, for $23,991. Determine the amount of gain or loss that would be recognized on the asset disposal. (Round the intermediate calculations to nearest whole dollar amount.)