3 Cutter Enterprises purchased equipment for $84,000 on January 1, 2024. The equipment is expected to have a five-year life and a residual value of $6,000. Using the sum-of-the-years'-digits method, depreciation for 2025 and book value on December 31, 2025, would be: Note: Do not round the depreciation rate per year. Multiple Choice $20,800 and $31,200, respectively. $22,400 and $33,600, respectively. $20,800 and $37,200, respectively. $22,400 and $27,600, respectively.