Hudson Landscaping Service bought equipment for $10,800 on January 1, 2019. It has an estimated useful life of five years andzero residual value. Hudson uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month. Calculate the adjustment and the journalize the adjusting entry for January 31st. What is the book value of the equipment on December 31st, 2019?