Cutter Enterprises purchased equipment for $51,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $6,900. Using the sum-of-the-years'-digits method, depreciation for 2016 and book value at December 31, 2016, would be (Do not round depreciation rate per year); Multiple Choice O $14,700 and $29,400. O $17,000 and $27,100. O $14,700 and $36,300. (1700