Required information E9.18 (Algo) (Supplement 9B) Determining Financial Statement Effects of a Change in Estimate [LO 9-S2] The following information applies fo the questions displayed below) Wiater Company operates a small manufacturing facility. On January 1. 2021, an asset account for the company showed the following balances: Igulpetint Accumulated Depresiation (beginning of the year) $250,000 114,000 During the first week of January 2021, the following cash expenditures were incurred for repairs and inaintenance: Routine aintenancel and repairs on the equipent Major overhaul of the equipent that improved efficieacy 5,3,650 The equipment is being depreciated on a straight-line basis over an estimated life of 10 years with a 522.000 estimated residual value. The annual accounting period ends on December 31. uipment is being depteclated on a straight tine basis over an estimated ise of $0 years with a $22000 estamated Il value. The annLal accounting period ends on December 31 o) Part 1 e-effects (accounts, amounts, and + for increase and - for decrease) of the 2021 adjustrient for depreciation of the fing equipment, assurning no change in the estimated the or resilial value. (Do not round intermediate calculetions. decreases to Assets, Liabilities, or Stockholders' Equity with o minus sign) 8 Answer is complete but not entirely correct