22 Flagler Company purchased equipment that cost $90,000 The equipment had a useful life of 5 years and a $10,000 salvage value. Flagler uses the double-declining balance method. Which of the following choices accurately reflects how the recognition of the first year's depreciation would affect the elements of the financial statements? Balance Sheet Income Statement Stockholders' Statement of Assets = Liabilities + Equity Revenue - Expenses Net Income Cash Flows A. (32,000) NA 132,000) NA 32,000 (32,000 (32,000) OA B. (16,000) NA (16,000) NA 16,000 (16,000) NA C. (36,000) NA (36,000) NA 36,000 (36,000) 135,000) OA D. (36,000) NA (36,000) NA 36,000 (36,000 NA Me Choice Option O Own o Option Option