Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of the current year, an asset account for the company showed the following balances:

Manufacturing equipment	$ 120,000
Accumulated depreciation through the end of last year	57,600

During the current year, the following expenditures were incurred for the equipment:

Major overhaul of the equipment on January 2 the current year that improved efficiency	$ 13,000
Routine repairs on the equipment	1,000

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:

Indicate the effects of the following on the accounting equation.

Note: Enter decreases to account categories as negative amounts and do not round your intermediate calculations.

The adjustment for depreciation at the end of the last year.

The two expenditures during the current year for (a) the major overhaul of the equipment and (b) repairs and maintenance.