At the end of its first year, the trial balance of Nygaard Company shows Equipment $30.000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $4,000. Prepare the annual adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent monually.) Post the adjustments to T-accounts. Indicate the balance sheet presentation of the equipment at December 31