Entity D purchased equipment at a cost of $440,000 in January 2022. As of January 1, 2024, depreciation of $88,000 had been recorded on this equipment. Depreciation expense for 2024 is $44,000. After the adjustments are recorded and posted on December 31, 2024, what are the balances for the Equipment and Accumulated Depreciation accounts? 0000 Equipment Accumulated Depreciation $440,000 $440,000 $308,000 $440,000 $88,000 $132,000 $ -0- $44,000