Current Attempt in Progress At the end of its first year, the trial balance of Cullumber Company shows Equipment $33,500 and zero balances in Accumulated Depreciation-Equipment and Depreciation Exp pose. Depreciation for the year is estimated to be $3,650. Prepare the annual adjusting entry for depreciation at December 31. (List all debit entriles before credit entries. Cradit account tirles are cutomatically indented when the amount is entered. Do not indent manualiy.) Post the adjustments to Traccounts. At the end of its first year, the trial balance of Cullumber Company shows Equipment $33,500 and zero balances in Acrumulated Depreciation-Equipment and Depreciation Exp vse. Depreciation for the vear is estimated fo be $3,650. Prepare the annual adjusting entry for depreciation at December 31. (List oll debit entries before credit entriet. Credit account bicles on: eutomatically indented when the amount is enternd. Do not indent manualixy) Post the adjustiments to T-accounts