X Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2020, an asset account for the company showed the following balances:

Manufacturing equipment	$	122,500
Accumulated depreciation through 2019		55,200

During 2020, the following expenditures were incurred for the equipment:

Major overhaul of the equipment on January 2, 2020, that improved efficiency	$	9,000
Routine maintenance and repairs on the equipment		3,500

The equipment is being depreciated on a straight-line basis over an estimated life of 15 years with a $19,000 estimated residual value. The annual accounting period ends on December 31.

1. Prepare the adjusting entry that was made at the end of 2019 for depreciation on the manufacturing equipment.