Archie Co. purchased a framing machine for $61,000 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 2021 and book value at December 31, 2021, would be: Multiple Choice $13,750 and $47,250 respectively. $13,750 and $41,250 respectively. $15,250 and $39,750 respectively. $15,250 and $45,750 respectively.