Cutter Enterprises purchased equipment for $66,000 on January 1, 2021 The equipment is expected to have a five-year life and a residual value of $5700 Using the sum-of-the-years-digits method, depreciation for 2021 and book value at December 31, 2021, would be: (Do not round depreciation rate per year) Multiple Choice $20,100 and $40,200 respectively $22.000 and $38,300 respectively $22.000 and 544,000 respectively $20,100 and $45,900 respectively