On July $1,2022,$ Crane Company purchased new equipment for $$65,600.$ Its estimated useful life was $7$ years with a $$8,200$ salvage value. On January $1,2025,$ the company estimated that the equipment's remaining useful life was $10$ years, with a revised salvage value of $$4\mathrm{.}100.$

Prepare the journal entry to record depreciation on December $31,2022.($List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$ Compute the revised annual depreciation on December $31,2025.$ Then Compute the balance in Accumulated Depreciation $-$ Equipment for this equipment after depreciation expense has been recorded on december $31,2025.$