On July 1,202. Sunland Company purchased new equipment for $75,200. Its estimated useful life was 7 years with a $9,400 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 $4,700 Prepare the journal entry to record depreciation on December 31, 2022. (tist debit entry before credit entry, Credit account bitles are automatically indented when amount is entered Do not indent manually. If no entry is required, select "Mo Entry" for the acecunt tides and enter 0 for the omounts