Cutter Enterprises purchased equipment for $57,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,600. Using the double-declining balance method, depreciation for 2021 and the book value at December 31, 2021, would be: Multiple Choice O $21,360 and $35,040 respectively, $22,800 and $30,600 respectively, $21,360 and $35,640 respectively Multiple Choice o $21,360 and $35,040 respectively. :15:22 o $22,800 and $30,600 respectively. o $21,360 and $35,640 respectively. o $22,800 and $34,200 respectively