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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 $31.$

$3.$ Prepare the journal entries to record the two expenditures during the current year.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.