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 $6.900. Using the straight-line method, depreciation for 2022 and the equipment's book value at December 31, 2022, would be. Multiple Choice $10.800 and $43,200 respectively. $9420 and $28.260 respectively $9,420 and $35.160 respectively