Cutter Enterprises purchased equipment for $57,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $3,300. Using the sum-of-the-years-digits method, depreciation for 2017 and book value at December 31, 2017, would be (Do not round depreciation rate per year): Multiple Choice $15,200 and $19,500. $14,320 and $21,480. $14,320 and $24,780. $15,200 and $22,800