Cutter Enterprises purchased equipment for $84,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $6,600. Using the double-declining-balance method, depreciation for 2021 and the book value at December 31, 2021, would be:

• $30,960 and $53,040 respectively.

• $33,600 and $50,400 respectively.

• $30,960 and $49,440 respectively.

• $33,600 and $43,800 respectively.