At the end of its first year, the trial balance ofSandhill Co.shows Equipment $23,200and zero balances in Accumulated DepreciationEquipment and Depreciation Expense. Depreciation for the year is estimated to be $2,600.

Prepare the annual adjusting entry for depreciation at December 31.(If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)