Wiater Company operates a small manufacturing facility. On January 1,2021 , an asset account for the company showed the following balances: EquipmentAccumulatedDepreciation(beginningoftheyear)$310,000141,000 During the first week of January 2021 , the following cash expenditures were incurred for repairs and maintenance: RoutinemaintenanceandrepairsontheequipmentMajoroverhauloftheequipmentthatimprovedefficiency$3,65042,000 The equipment is being depreciated on a straight-line basis over an estimated life of 10 years with a $28,000 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.) 1. The adjustment for depreciation made last year at the end of 2020 . 2. The two expenditures for repairs and maintenance during January 2021