Bonita Inc. owns the following long-lived assets: Asset Date Purchased Cost Estimated Useful Life Vehicles Jan. 1, 2023 $32,400 3 years Equipment July 1, 2024 10,700 5 years (a) Prepare depreciation adjusting entries for each asset for the year ended December 31, 2024, assuming the company uses straight-line depreciation and adjusts its accounts annually. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 Debit Credit Dec. 31 (To record Accumulated depreciation of vehicles) (To record Accumulated depreciation of equipment)