[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 2017, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through 2016 $ 136,000 56,000 During 2017, the following expenditures were incurred for the equipment: Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved efficiency on January 2, 2017 $900 5,000 The equipment is being depreciated on a straight-line basis over an estimated life of 17 years with a $17,000 estimated residual value. The annual accounting period ends on December 31