Requlred Information [The following information applies to the questions displayed below.] Wiater Company operates a small manufacturing facility. On January 1, 2018, an asset account for the company showed the following balances: Equipment Accumulated Depreciation (beginning of the year) $235,000 148,880 During the first week of January 2018, the following expenditures were incurred for repairs and maintenance: Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved efficiency $ 2,350 26, eee The equipment is being depreciated on a straight-line basis over an estimated life of 15 years with a $13.000 estimated residual value. The annual accounting period ends on December 31. Required: 1. Indicate the effects (accounts, amounts, and + for increase and - for decrease) of the 2018 adjustment for depreciation of the manufacturing equipment, assuming no change in the estimated life or residual value. (Do not round Intermediate calculations. Enter any decreases to Assets, Llabilitles, or Stockholders' Equity with a minus sign.) Assets Liabilities Stockholders' Equity Date December 31, 2018 9 [The following information applies to the questions displayed below.] Wiater Company operates a small manufacturing facility. On January 1. 2018, an asset account for the company showed the following balances: Equipment Accumulated Depreciation (beginning of the year) $235, eee 148,888 Part 2 of 2 Part 2012 During the first week of January 2018, the following expenditures were incurred for repairs and maintenance: 3.36 points Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved efficiency $ 2,350 26,080 eBook The equipment is being depreciated on a straight-line basis over an estimated life of 15 years with a $13.000 estimated residual value. The annual accounting period ends on December 31. Hint 2. Prepare the adjusting entry that should be made at the end of 2018 for depreciation. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Print View transaction list References Journal entry worksheet Record the depreciation expense for the year 2018. Note: Enter debits before credits General Journal Debit Credit Date Dec.31. 2018 Record entry Clear entry View general journal