Required information [The following information applies to the questions displayed below.] Manrow Growers, Inc., owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of 2019, an asset account for the company showed the following balances: During 2019, the following expenditures were incurred for the equipment: The equipment is being depreclated on a straight-line basis over an estimated life of 10 years with a $35,000 estimated residual value. The annual accounting period ends on December 31 . Required: 1. Prepare the adjusting entry that was made at the end of 2018 for depreciation on the equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the adjusting entry for depreciation on the equipment during 2018. Note: Enter debits before credits