At the end of its first year, the trial balance of Oriole Company shows Equipment $34,700 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,660. Prepare the annual adjusting entry for depreciation at December 31. (List all debit entries before credit entries. Credit account titles ar automatically indented when the amount is entered. Do not indent manually.) Post the adjustments to T-accounts. Indicate the balance sheet presentation of the equipment at December 31