At the end of its first year, the trial balance of Wolowitz Company shows Equipment $30,000$

and zero balances in Accumulated Depreciation$$Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,750.$

Prepare the annual adjusting entry for depreciation at December $31,$ post the adjustments to T$$accounts$,$

and indicate the statement of financial position presentation of the equipment at December $31.$