On January 2, 2024, Sheffield Corporation purchased a vehicle for $64,020 cash. The company uses straight-line depreciation and estimates that the vehicle will have a five-year useful life. The company has a December 31 year end and adjusts its accounts annually. Prepare the adjusting entries required on December 31, 2024 and 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Dec. 31, Account Titles and Explanation I Debit Credit 2024 Dec. 31, 2025