Problem 2: This company's fiscal year is the calendar year. For the following data, it is advisable to set up a T-account for each item, with a beginning amount, an ending amount, and any during the year activity that takes place.....then, determine the "missing adjusting entry. In other words, with this starting amount, this ending amount, and the stuff that happens in between, what adjusting entry do I need to take me to the correct ending figure? c) Accumulated Depreciation Equipment at January 1, 2019 was $230,000. At December 31, 2019 it was $280,000. During the year, one piece of equipment was sold. The equipment had an original cost of $40,000 and was 4 (75%) depreciated when sold. Prepare the missing adjusting journal entry