On July 1,2019, Cullumber Company purchased newequipment for $85,000. Its estimated useful life was 5 years with a $12,000 salvage value. On December 31,2022 , the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $5,000 Prepare the journal entry to record depreciation on December 31, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the aceount tities and thiter 0 for the amounts.) Prepare the journal entry to record depreciation on December 31.2020, (Credit occount titles dre automatically indented When 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.) Compote the revised annasi depreciation on December 31.2022. Prepare the journal entry to record depreciationon December 31,2022 . (Credit account titles are automatically indented When amount is entered. Do not indent manually. If mo eatry is required, select "No Entry" for the eccount titles and enter 0 for the amounts.) eTextbook and Media List of Accounts Compute the balance in Accuirulated Defireciation-Equipment for this equigment after depreciation expense has been recorded on Docember 31. 2022. Accumalated Depreciation- Equipment