Prepare an income statement for Ivanhoe Company for the year ended December 31,2022

clubsabela5-bdo3-4e/U-3064-Ucveu3a / 514c#/question Question 6 of 8 > - /1 View Policies Current Attempt in Progress At the end of its first year, the trial balance of Pharoah Company shows Equipment $22,800 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,000. (a1) Prepare the annual adjusting entry for depreciation at December 31. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)