WWW The following information applies to the questions displayed below) Wiater Company operates a small manufacturing facility On January 1, 2018, an asset account for the company showed the following balances: Equipment Accumulated Depreciation beginning of the year) $230,000 100,000 During the first week of January 2018, the following expenditures were incurred for repairs and maintenance: Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved officiency 5 2.250 20,000 The equipment is being depreciated on a straight-line basis over an estimated life of 20 years with a $14,000 estimated residual value. The annual accounting period ends on December 31 uired: dicate the effects accounts, amounts, and for increase and for decrease of the 2018 adjustment for depreciation of the Janufacturing equipment, assuming no change in the estimated for residual value (Do not round Intermediate calculations nter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Liabilities Duis Assals umber 31, 2018 Acumulated Depreciation stockholders' Equity Depreciation EADenso View transaction list Journal entry worksheet Record the depreciation expense for the year 2018. 1 Note: Enter debits before credits Date General Journal Dec 31, 2018 Depreciation Expense Debit Credit ences Record entry Clear entry View general Journal ME