Wardell Company purchased a mainframe on January 1,2019 , at a cost of $56,000. The computer was depreciated using. the straight-line method over an estimated five-year life with an estimated residual value of $8,000, On January 1,2021 , the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $2,000. Exercise 11-23 (Algo) Part 1 Required: 1. Prepare the year-end journal entry for depreciation in 2021. No depreciation was recorded during the year, (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answer to nearest whole