At the end of its first year, the trial balance of Wildhorse Co. shows Equipment $21,300 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $4,500. Prepare the 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. Debit Date Account Titles and Explanation Credit Dec. 31 Post the adjustments to T-accounts. (Post entries in the order of journal entries presented in the previous part.) Depreciation Expense Accumulated Depreciation-Equipment Indicate the balance sheet presentation of the equipment at December 31. Wildhorse Co. Partlal Balance Sheet