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 $8,700. Using the sum-of-the-years-digits method, depreciation for 2022 and book value at December 31, 2022, would be (Do not round depreciation rate per year) Multiple Choice O $12.080 and $26.820 respectively $12.080 and $18:20 respectively. $14.400 and $12.900 respectively. $14,400 and $21.600 respectively