Cutter Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value at $6,000 Using the double-declining-balance method, depreciation for 2021 and the book value at December 31, 2021. would be: Multiple Choice $26.400 and $3,600 respectively O $28,800 and $43,200 respectively $28,800 and $37,200 respectively, $26.400 and $39,600 respectively