Wiater Company operates a small manufacturing faclity. On January 1, 2021, an asset account for the company showed the following balances: LquipeentAccurulatedDepreciation(beginningoftheyear)3165,00076,000 During the first week of January 2021, the following cash expenditures were incurred foc repairs and maintenance: MoutisemaintenanceandrepairsontheeqaipnestMajoroverhavioftheequipentthatinprovedeffielency$2,15027,000 The equipment is being depreciated on a straight-line basis over an estimated life of 10 years with a $13,000 ostimated 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 ltems 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