TEMU PENIS Novak Corp. purchased equipment for $18300 on December 1. It is estimated that annual depreciation on the computer will be $3660. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense. $14640; credit Accumulated Depreciation, $14640 debit Depreciation Expense. $305;credit Accumulated Depreciation, $305. debit Equipment, $18300: credit Accumulated Depreciation $18300. O debit Depreciation Expense. $3660, credit Accumulated Depreciation, $3660, Vaughn Manufacturing compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/22 $847000 180000 232000 727000 220000 63000 30000 104000 93500 450000 Vaughn's stockholders' equity on December 31, 2022 is: O $480000 5687000 3657000 5742000 stion 10 of 48 -75 Policies ent Attempt in Progress wifty Corporation started the year with total assets of $300000 and total liabilities of $240000. During the year the business mcorded $633000 in revenues, $335000 in expenses, and dividends of $61000. Stockholders' equity at the end of the year was O $297000 O $267000. $236000. $358000