Archie Co. purchased a framing machine for $48,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual value of $3,000 at the end of four years. Using the double-declining-balance method, depreciation for 2022 and book value at December 31, 2022, would be:

a.) $12,000 and $12,000 respectively.

b.) $12,000 and $9,000 respectively.

c.) $11,250 and $36,750 respectively.

d.) $11,250 and $3,000 respectively.