Cutter Enterprises purchased equipment for $81,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $4,200. Using the double-declining balance method, depreciation for 2016 and the book value at December 31, 2016, would be: O $30,720 and $50,280. O $32,400 and $48,600. O $32,400 and $44,400. O $30,720 and $46,080