Cutter Enterprises purchased equipment for $48,000 on January 1,2024 . The equipment is expected to have a five-year life and a residual value of $8,100. Using the sum-of-the-years'-digits method, depreciation for 2025 and book value on December 31, 2025, would be: Note: Do not round the depreciation rate per year. Multiple Choice $12,800 and $19,200, respectively. $10,640 and $15,960, respectively. $12,800 and $11,100, respectively. $10,640 and $24,060, respectively