Question 2 View Policies Current Attempt in Progress At the end of its first year, the trial balance of Crane Company shows Equipment $22.400 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,400. Prepare the adjusting entry for depreciation at December 31. Of no entry is required, select 'No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 eTextbook and Media List of Accounts Post the adjustments to accounts.(Post entries in the order of journal entries presented in the previous part) Depreciation Expense Accumulated Depreciation-Equipment eTextbook and Media Indicate the balance sheet presentation of the equipment at December 31 Crane Company Partial Balance Sheet