Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2017, an asset account for the company showed the following balances Manufacturing equipment Accumulated depreciation through 2016 $ 110,000 54,000 During 2017, the following expenditures were incurred for the equipment: Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved ciency on January 2, 2017 The equipment is being depreciated on a straight-line basis over an estimated life of 16 years with a $11,000 estimated residual value. The annual accounting period ends on December 31. Required: Indicate the effects (accounts, amounts, and of ) of the following on the accounting equation (Do not round your intermediate calculations.) 1. The adjustment for depreciation at the end of 2016. 2. The two expenditures during 2017 Liabilities Stockholders' Equity Event Date 1. 2016 2a 2017 2b. 2017