At the end of its first year of operations, the trial balance of Crane Company shows Equipment $31,180 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $2,050. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter 0 for the amounts. List debit entry before credit entry.) Indicate the balance sheet presentation for the equipment at December 1