Cutter Enterprises purchased equipment for $54,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,900. Using the sum-of-the-years-digits method, depreciation for 2021 and book value at December 31, 2021, would be: (Do not round depreciation rate per year) Multiple Choice $16.700 and $33,400 respectively $1000 and $3,000 respectively. $16.700 and $37.300 respectively $18.000 and $32.100 pectively