On May 28, 2024, Blossom Services purchased equipment for $102,000, giving the supplier a 1-year note at 7% (due at maturity) for $79,770, and paid the balance with cash. Blossom also paid Wu Engineering $8,400 cash for installing the equipment on May 30 . The equipment's useful life was estimated to be five years, with an $18,600 residual value. The straight-line method of depreciation is used for equipment and Blossom has a calendar year end. On October 4, 2026, the equipment was destroyed in an accident. Blossom received $61,780 cash as insurance proceeds for the equipment. Record the depreciation expense for Blossom for the fiscal years ended December 31,2024 and 2025 . (Credit account titles are automatically indented when the 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. List all debit entries before credit entries.)