Cutter Enterprises purchased equipment for $63,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $7,800. Using the straight-line method, depreciation for 2019 and the equipment's book value at December 31, 2019, would be:

A.$12,600 and $50,400 respectively.

B.$11,040 and $33,120 respectively.

C.$11,040 and $40,920 respectively.

D.$25,200 and $37,800 respectively.