Wiater Company operates a small manufacturing facility. On January 1.2021 , an asset account for the company showed the foliowing balances: Equipnent Accumulated Depreciation (beginning of the year) 5344,000 212,690 During the first week of January 2021, the following cash expenditures were incurred for repairs and maintenance: Routine maintenance and repairs on the equipaent Major overhaul of the equipment that ieproved efficiency $3,558 41,000 The equipment is being depreciated on a straight-line basis over an estimated life of 15 years with a $26,000 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 bolow. (Enter any decreases to Assets, Liabilities or Stockholder's Equity with a minus sign.) 1. The adjustment for depreciation made last year at the end of 2020 . 2. The two expenditures for repairs and maintenance during January 2021