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. (List oll debit entries before credit entries, Credit occount titles dre outomatically indented when the amount is entered, Do not indent manually.) Post the adjustments to T-accounts. Indicate the balance sheet presentation of the equipmest at December 31