Manrow Growers, Inc., owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of 2019, an asset account for the company showed the following balances:

Equipment $360,000

Accumulated depreciation through 2018 202,800

During 2019, the following expenditures were incurred for the equipment:

Major overhaul of the equipment on January 1, 2019, that improved efficiency	$	41,000
Routine maintenance and repairs on the equipment		6,000