On July 1, 2022. Ivanhoe Company purchased new equipment for $68,800. Its estimated useful life was 7 years with a $8,600 salvage value. On January 1, 2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $4,300. Prepare the journal entry to record depreciation on December 31, 2022. (List debit entry before credit entry Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) eTextbookand Media Prepare the journal entry to record depreciation on December 31, 2023. (List debit entry before credit entry Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter O for the amounts) Prepare the journal entry to record depreciation on December 31, 2023. (List debit entry before credit entry, Credit occount titles are outomaticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the omounts.) eTextbookand Media Compute the revised annual depreciation on December 31,2025. Revised annual depreciation $ Prepare the journal entry to record depreciation on December 31,2025. (List debit entry before credit entry, Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Compute the balance in Accumulated Depreclation-Equipment for this equipment after depreciation expense has been recorded on December 31,2025 Accumulated Depreciation-Equipment $