Cutter Enterprises purchased equipment for $78,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $5,100. 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 $24,300 and $48,600 respectively. $26,000 and $52,000 respectively. $24,300 and $53,700 respectively. $26,000 and $46,900 respectively