Wiater Company operates a small manutacturing facility, On January 1. 2021, an asset account for the company showed the following balances: Fouininent Accusulated Deprectat ian (Begining of the yeor) 544,000212,003 Duting the fisst week of Januory 2021, the following cash expenditures were incurred for repairs ond maintenance: Routine asintenmet and repairs on the equipeent Mojor overhast of the equipment that ieproved efficiency 5,55041,000 The equipment is being depreciated on a straight line basis over an est mated ife of 15 years with a $26,000 estimated residual valiee. The annual accounting peribd ends on Docember 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 ot the beginning of 2021, what is the remaining estimated life? 3. Prepore the journal enties to record the two expenditures for repoirs and maintenance during 2021 Complete this guintion tyy sntering your answers in the tabs below. account helia Journal entry worksheet