Wiater Company operates a small manufacturing facility. On January 1, 2018, an asset account for the company showed the following balances: Equipment $ 200,000 Accumulated Depreciation (beginning of the year) 62,000 During the first week of January 2018, the following cash expenditures were incurred for repairs and maintenance: Routine maintenance and repairs on the equipment $ 2,450 Major overhaul of the equipment that improved efficiency 27,000 The equipment is being depreciated on a straight-line basis over an estimated life of 15 years with a $14,000 estimated residual value. The annual accounting period ends on December 31. Required: Indicate the effects (accounts, amounts, and + for increase and for decrease) of the following two items on the accounting equation, using the headings shown below. (Enter any decreases to Assets, Liabilities or Stockholder's Equity with a minus sign.) The adjustment for depreciation made last year at the end of 2017. The two expenditures for repairs and maintenance during January 2018.