On July 1,2022, Cultumber Company purchased new equipment for $102,400. Its estimated useful life was 7 years with a $12,800 saivagevatue. On January 1.2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $6,400. (a) Prepare the journal entry to record depreciation on December 31, 2022. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the adwount titles and enter ofor the omounts: Prepare the journal entry to record depreciation on December 31, 2022. (List debit entry before credit entry. Credit account titles ar outornatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles an enter 0 for the amounts.)