Presented below is information for equipment owned by Flounder Company at December 31, 2025: Cost $6,440,000 Accumulated depreciation to date 736,000 Expected future net cash flows Fair value 4,600,000 3,128,000 Assume that Flounder will continue to use this asset in the future. As of December 31, 2025, the equipment has a remaining useful life of 4 years Prepare the journal entry to record depreciation expense for 2026 (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 O for the amounts. List debit entry before credit entry) Date Account Titles and Explanation Debit Credit Dec. 31