Beaver Construction purchases new equipment for $$27,600$ cash on April $1,2026.$ At the time of purchase, the equipment is expected

to be used in operations for $5$ years $(60$ months$)$ and has no resale or scrap value at the end. Beaver depreciates equipment evenly

over the $60$ months $($ $$460$ per month$).$ The balance of Accumulated Depreciation at the beginning of $2026$ is $$0.$

Determine the accounts to be adjusted on December $31,$ the amount of the adjustment, and the ending balances. Assume no

adjustments were previously made during the year.