Required information [The following information applles to the questions displayed bejow] Wardell Company purchased a minicomputer on January 1, 2022, at a cost of $48.000. The computer was depreciated using the straight-iline method over an estimated five-year life with an estimated residual value of $3,000, On January 1 . 2024, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $1,200 Required: 1. Prepare the year-end journal entry for depreciation on December 31, 2024. No depreclation was recorded during the year. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Round your final answers to nearest whole dollar