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 2020, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through 2019 $ 156,600 51,800 During 2020, the following expenditures were incurred for the equipment: Major overhaul of the equipment on January 2, 2020, that improved efficiency Routine maintenance and repairs on the equipment $ 10,000 1,300 The equipment is being depreciated on a straight-line basis over an estimated life of 19 years with a $16,000 estimated residual value. The annual accounting period ends on December 31. Required: 1. Prepare the adjusting entry that was made at the end of 2019 for depreciation on the manufacturing equipment. (Do not round your Intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet > 1 Record the adjusting entry for depreciation on the manufacturing equipment during 2019. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal