Entity D purchased equipment at a cost of $520,000 in January 2022. As of January 1,2024 , depreciation of $104,000 had been recorded on this equipment. Depreciation expense for 2024 is $52,000. After the adjustments are recorded and posted on December 31 , 2024, what are the balances for the Equipment and Accumulated Depreciation accounts? Equipment$520,000$520,000$520,000$364,000AccumulatedDepreciation$156,000$52,000$88,000$0