Brief Exercise 4-5 (Part Level Submission) At the end of its first year, the trial balance of Sunland Company shows Equipment $22,700 and zero balances in Accumulated Depreciation-Equipment and Depredation Expense. Depreciation for the year is estimated to be $3,100. (a) Your answer is correct. and enter o for the amounts oealr Prepare the adjusting entry for depreciation at December 31. (rrno entry required, select "No Entry" for the account teles is account titles are automatically indented when the amount is entered. Do not indent manualy.) Debit credit Date Account Titles and Explanation Dec. 31 TDepreciation Expense snow LIST or AccoUNTs INTERACTIVE ruroREAL 1 of 2 used