Check my work Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved ottiency $ 2,750 33,000 The equipment is being depreciated on a straight-line basis over an estimated Ife of 20 years with a $19,000 estimated residual value. The annual accounting period ends on December 31 Required: Indicate the effects taccounts, amounts, and + for increase and for decrease) of the following two items on the accounting equation, using the headings shown below. (Enter any decreases to Assets, Liabilities or Stockholder's Equity with a minus sign.) 1. The adjustment for depreciation made last year at the end of 2017 2. The two expenditures for repairs and maintenance during January 2018 Assets Blockholders' lam 2017 2018