Martinez Corporation purchased equipment costing $123,600 on January 1,2021 . At that time the useful life of the equipment was estimated to be 12 years and the residual value was estimated to be $6,840. Depreciation up to December 31, 2022 has been recorded using the straight-line method and the company operates on a calendar year basis. On January 1, 2023, the estimated useful life was revised to a total of 10 years and the residual value was revised to $7,716. Prepare the journal entry to record the depreciation expense for 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry. Round answers to 0 decimal places, e.g. 5,275.)