Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2014, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through 2013 $108,000 44,800 During 2014, the following expenditures were incurred for the equipment: Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved efficiency on January 2, 2014 $ 1,400 19,200 The equipment is being depreciated on a straight-line basis over an estimated life of 15 years with a $12,000 estimated residual value. The annual accounting period ends on December 31 Required Prepare the adjusting entry that should be made by Hulme Company at the end of 2014 for depreciation of the manufacturing equipment, assuming no change in the original estimated life or residual value. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet Record the adjusting entry for depreciation of the manufacturing equipment, assuming no change in the original estimated life or residual value Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2014 Record entry Clear entry View general journal