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 $ 133,480 40,800 During 2020, the following expenditures were incurred for the equipment: Major overhaul of the equipment on January 2, zeze, that improved efficiency Routine maintenance and repairs on the equipment $ 16,080 1,000 The equipment is being depreciated on a straight-line basis over an estimated life of 18 years with a $11.000 estimated residual value. The annual accounting period ends on December 31. Required: 1. Prepare the adjusting entry that was made at the end of 2019 for depreciation on the manufacturing equipment. (Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction lit Journal entry worksheet Record the expenditure for the major overhaul of the equipment. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal 3. Prepare the journal entries to record the two expenditures during 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet