Stacey Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2021, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through 2020 $75,300 43,200 In early January 2021, the following expenditures were incurred for repairs and maintenance Routine maintenance and repairs on the equipment Ha for overhaul of the equipment $ 870 10,700 The equipment is being depreciated on a straight-line basis over an estimated life of 13 years, with a $5100 estimated residual value The company's fiscal year ends on December 31 Required: 1. Calculate the depreciation expense for the manufacturing equipment for 2020 Deponense $ 5.400 Seved Help Se 3. Prepare the adjusting entry at December 31, 2021, to record the depreciation of the manufacturing equipment, assuming no change in the estimated life or residual value of the equipment (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction lit Journal ante....... 4. Indicate the accounts affected and the amount of the effects of the journal entries you prepared for (1) to (3) on the accounting equation (Enter any decreases to account balances with a minus sign.) Assets Liabilities Shareholders' Equity Date Dec 31, 2020 During 2021 Dec 31, 2021