Cutter Enterprises purchased equipment for $78,000 on January 1,2024 . The equipment is expected to have a five-year life and a residual value of $3,900. Using the sum-of-the-years'-digits method, depreciation for 2024 and book value on December 31, 2024, would be: Note: Do not round the depreciation rate per year. Multiple Choice $26,000 and $52,000, respectively. $24,700 and $49,400, respectively. $26,000 and $48,100, respectively. $24,700 and $53,300, respectively