Wiater Company operates a small manufacturing facility. On January 1, 2021, an asset account for the company showed the following balances:

Equipment	$ 165,000
Accumulated Depreciation (beginning of the year)	77,000

During the first week of January 2021, the following cash expenditures were incurred for repairs and maintenance:

Routine maintenance and repairs on the equipment	$ 1,950
Major overhaul of the equipment that improved efficiency	25,000

The equipment is being depreciated on a straight-line basis over an estimated life of 10 years with a $11,000 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 2020.

The two expenditures for repairs and maintenance during January 2021.