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: Manufacturing equipment Accumulated depreciation through 2019 $ 126, 100 56,700 During 2020, the following expenditures were incurred for the equipment: Major overhaul of the equipment on January 2, 2020, that improved efficiency Routine maintenance and repairs on the equipment $ 15,00 1. 100 The equipment is being depreciated on a straight-line basis over an estimated life of 17 years with a $19,000 estimated residual value. The annual accounting period ends on December 31. 1 2 Record the expenditure for the major overhaul of the equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 1 N Record the expenditure for routine maintenance and repairs on the equipment. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit