Wiater Company operates a small manufacturing facility. On January 1, 2017, an asset account for the company showed the following balances: Manufacturing Squipment Accumulated depreciation through 2016 126,000 During the first week of January 2017, the following expenditures were incurred for repairs and maintenance: Routine saintenance and repairs on the equipment Major overhaul of the equipment that improved efficiency $ 2,650 29,000 The equipment is being depreciated on a straight-line basis over an estimated life of ten years with a $11.600 estimated residual value. The annual accounting period ends on December 31 Required: Indicate the effects (accounts, amounts) of the following two items on the accounting equation, using the schedule given below. (Enter any decreases to accounts with a minus sign.) 1. The adjustment for depreciation made at the end of 2016. 2. The two expenditures for repairs and maintenance during January 2017 abilities 2. Repairs and Maintenance 2. Major overhaul WERP Help Save & Eet Submi On January 1, 2017, an asset account for the company showed the following 191,600 120.000 enditures were incurred for repairs and maintenance Friciency $ 2,650 29,000 als over an estimated Ide of ten years with a $11.600 estimated residual value two items on the accounting equation using the schedule given below. (Enter 2016 uring January 2012 Shareholders' Equity 5 SFHR command option