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: Manufacturing equipment Accumulated depreciation through the end of last year $120,600 46,200 During the current year, the following expenditures were incurred for the equipment: The equipment is being depreciated on a straight-line basis over an estimated life of 16 years with a $15,000 estimated residual value. The annual accounting period ends on December 31. ?equired: . Prepare the adjusting entry that was made at the end of last year for depreciation on the manufacturing equipment. lote: Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No journal entry equired" in the first account field. Journal entry worksheet