42 Cutter Enterprises purchased equipment for $81,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,900. Using the sum-of-the-years'-digits method, depreciation for 2022 and book value at December 31, 2022, would be: (Do not round depreciation rate per year) Multiple Choice $21,600 and $28,500 respectively. $21,600 and $32,400 respectively. $20,560 and $34,740 respectively. 20 560 and 30 R40 respectively Next > 39 Using the sum-of-the-years'-digits method, depreciation for 2022 and book value at December 31, 2022, would be: (Do not round depreciation rate per year) Multiple Choice. $21,600 and $28,500 respectively. $21,600 and $32,400 respectively. $20,560 and $34,740 respectively. $20,560 and $30,840 respectively.)