At the end of its first year, the trial balance of Rayburn Company shows Equlpment $22,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be 52,750. Prepare the annual adjusting entry for depreciation at December 31. If no entry is required, select "No entry for the account tifies and enter 0 for the amounts. Credit account titles are outomatically indented when the cmount is mentered Do not indent manually ost the adjustments to T-accounts. (Post entries in the order of Journal entries presented in the prevlous part Indicate the balance sheet presentation of the equipment at December 31