4) Amortization Methods and Disposal of Assets Mildred purchases computer equipment for $3,700.00 on March 9, 2004. She estimates that she will use it for three years, after which she hopes to sell it for $400.00. In the meantime, she will calculate amortization using the straight-line method. Assuming that Mildred's firm runs a one-year accounting period, which ends on December 31 : 1) Show the entry that will be made on December 31, 2004 to adjust for the amortization expense for the first year. (Use the nearest-whole month rule.) ) Show the entry that will be made on December 31, 2005 to adjust for the amortization expense for the second year. Credit Debit P.R. Account Title and Explanation Date