Archie Co purchased a framing machine for $53,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual value of $6,000 at the end of four years. Using the straight-line method, depreciation for 2022 and book value at December 31, 2022, would be: Multiple Choice $13,250 and $26,500 respectively. $11.750 and $29,500 respectively. $13,250 and $20,500 respectively, $11.750 and $23,500 respectively