At the end of its first year, the trial balance of Oriole Company shows Equipment $32,600 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,770. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation--Equipment Indicate the balance sheet presentation of the equipment at December 31. Oriole Company Balance Sheet (Partial)