Mickey Mouse Co. purchased equipment on January 1, 2019, at a cost of $50,000. Depreciation for 2019 and 2020 was based on an estimated 10 -year life and $5,000 estimated residual value. The company uses the straight-line method of depreciation and records any partial-year depreciation based on the number of months the asset is in service. In 2021, Mickey Mouse Co. revised its depreciation estimate and now believes the equipment will have a total service life of 7 years \& a residual value of $4,000. Required: Calculate the depreciation for 2021 on the worksheet, then prepare the journal entry to record the 2021 depreciation, in good form. To indent an account in this general journal, use 3 periods before the account. Example: ...Buildings (1 point reduction for not indenting appropriately.) Requirement Calcuate the depreciation expense for 2021