At the end of its first year, the trial balance of Oriole Company shows Equipment $34,700 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,660. Prepare the annual adjusting entry for depreciation at December 31. (List all debit entries before credit entries. Credit account titles a automatically indented when the amount is entered. Do not indent manually.) Post the adjustments to T-accounts. Indicate the balance sheet presentation of the equipment at December 31