8) On 01 March 2016, SHOES AND SOCKS Ltd bought 02 vans and 03 flip flops from BEACH Ltd by signing a 01 year 8% note payable for total liability. The vans cost $10,000 each and flip flops cost $15.000 each plus sales tax @ 15%. Company's policy is to depreciate vans over four years and flip flops over five years on straight line basis. Salvage value is $1,000 each for vans and $2,000 each for flip flops. What will be the total depreciation and interest expense of SHOES AND SOCKS Ltd for the year ended 31 December 2016? Depreciation: $14.400, Interest: $5.980 Depreciation: $16,100, Interest:$5,235 Depreciation: $12.075, Interest: $3,900 Depreciation: $10,800, Interest: $4,485