Current Attempt in Progress Blue Manufacturing has equipment that is comprised of five components (amounts in thousands). Asset Cost Estimated Residual Estimated Life (in years) ABCDE 49,410 6,710 10 40,992 5,856 9 43,920 4,392 8 23,180 1,830 7 28,670 3,050 6 (a) Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. Assume that Blue uses straight-line depreciation. (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 amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit