At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $22,100 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,700. (a1) Prepare the annual adjusting entry for depreciation at December 31. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit occount titles are automatically indented when the amount is entered. Donot indent manually) Post the adjustments to T-accounts. Indicate the balance sheet presentation of the equipment at December 31