If Hot Bagel Co. estimates depreciation on an automobile to be $578 for the year, the company should make the following adjusting entry:

	Debit Accumulated Depreciation $578 and credit Depreciation Expense $578.
	Debit Depreciation Expense $578 and credit Automobile $578.
	Debit Depreciation Expense $578 and credit Accumulated Depreciation $578.
	Debit Automobile $578 and credit Depreciation Expense $578.