Required Information [The following information applles to the questlons displayed below.] Wardell Company purchased a minicomputer on January 1, 2022, at a cost of $52,000. The computer was depreclated using the straight-IIne method over an estimated five-year IIfe with an estimated residual value of $7,000. 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 $1,600. Requlred: 1. Prepare the year-end journal entry for depreciation on December 31, 2024. No depreciation was recorded during the year. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld. Round your final answers to nearest whole dollar. Journal entry worksheet Note: Enter debits before credits