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12 Required information (The following information applies to the questions displayed below.) Winter Company operates a small manufacturing facility, On January 1, 2021, an asset account for the company showed the following balances Equipment 5110,000 Accumulated Depreciation (beginning of the year) 101.000 During the first week of January 2021, the following cash expenditures were incurred for repairs and maintenance Routine maintenance and repairs on the equipment $3.50 major overhaul of the equipment that improved efficiency 42,000 The equipment is being depreciated on a straight line basis over an estimated life of 10 years with a $28.000 estimated residual value. The annual accounting perlod ends on December 31 Required 1. Indicate the effects accounts, amounts, and for increase and for decrease) of the 2021 adjustment for depreciation of the manufacturing equipment, assuming no change in the estimated life or residual value. Do not round Intermediate calculations. Help Save & Exit Sub Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not far. It does not Indicate completion Return to question Routine maintenance and repair in the quant je overwhelmint that it The equipment is being deprecated on a straight lines bas over an estimated for at 10 years with a $28.000 estimated residual value. The annual accounting period ends on December 31 Required: 1. Indicate the effects (accounts, amounts and for increase and for decrease of the 2021 adjustment for depreciation of the manufacturing equipment, assuming no change in the estimated life or residual value (Do not round Intermediate calculation Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sion) Answer is complete but not entirely correct Stockholders Date Decem Namnom 000