Required information [The following information applies to the questions displayed below.] 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: 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 Routine repairs on the equipment $5,0001,100 The equipment is being depreciated on a straight-line basis over an estimated life of 18 years with a $15,000 estimated residual value. The annual accounting period ends on December 31. quired: Prepare the adjusting entry that was made at the end of last year for depreciation on the manufacturing equipment. te: Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No journal entry quired" in the first account field. Journal entry worksheet Record the adjusting entry for depreciation on the manufacturing equipment at the end of last year. Note: Enter debits before credits