Wiater Company operates a small manufacturing facility. On January 1,2021 , an asset account for the company showed the following balances: Equipnent Accueulated Depreciation (beginning of the year) \$. 165,090 77,600 During the first week of January 2021, the following cash expenditures were incurred for repairs and maintenance: Routine maintenance and repairs on the equipment Major overhaul of the equipnent that improved efficiency \$ 1,950 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: 1. Prepare the adjusting joumal entry that would have been made at the end of 2020 for depreciation on the manufacturing equipment. 2. Starting at the beginning of 2021 , what is the remaining estimated life? 3. Prepare the joumal entries to record the two expenditures for repairs and maintenance during 2021. Journal entry worksheet Record the adjusting entry for depreciation expense at year-end 2020. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Starting at the beginning of 2021 , what is the remaining estimated life? Journal entry worksheet Record the expenditure for ordinary repairs incurred. Note: Enter debits before credits. Journal entry worksheet Record the expenditure for extraordinary repairs incurred. Note: Enter debits before credits