3 Part 3 of 3 Required information The following information applies to the questions displayed below! Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2020, an asset account for the company showed the following balances points Manufacturing equipment Acumulated depreciation through 2019 SI6,000 45,600 PM During 2020, the following expenditures were incurred for the equipment $5.000 Major overhaul of the equipment on Janoary 2, 2020, that improved stienty Routine maintenance and repairs on the equipment The equipment is being depreciated on a straight-line basis over an estimated life of 20 years with a $17,000 estimated residual value. The annual accounting period ends on December 31 Required: 3. Prepare the journal entries to record the two expenditures during 2020. Of no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction ist Journal entry worksheet Record the expenditure for the major overhaul of the equipment Nota: Enter debit before credits Transaction De Crea General Journal Repair and maintenance expense View general Record entry Clear entry