BE3-4 At the end of its first year, the trial balance of Denton Company shows Equipment

$30,000 and zero balances in Accumulated Depreciation—Equipment and Depreciation Expense. Depreciation for the year is estimated to be $5,000. Prepare the adjusting entry for depreciation at December 31, post the adjustments toT accounts, and indicate the balance sheet presentation of the equipment at December 31.