At the end of its first year, the trial balance of Blossom Company OAO shows Equipment C34,019 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be 6,747. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Shot 14.50 PM Date Account Titles and Explanation Dec. 31 Debit Credit udy Shot 12.49 PM Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation Equipment Indicate the statement of financial position presentation of the equipment at December 31. Blossom Company Statement of Finandal Position