The company started when it acquired $$18,000$ cash by issuing common stock. Purchased a new cooktop that cost $$12,800$ cash. Earned $$21,300$ in cash revenue. Paid $$10,700$ 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 $$2,900.$ 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 $1?$