Cutter Enterprises purchased equipment for $93,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $7,800. Using the sum-of-the-years'-digits method, depreclation for 2018 and book value at December 31, 2018, would be: (Do not round depreclation rate per year) Multiple Choice $31,000 and $54,200 respectively $28,400 and $64,600 respectively $31000 and $62,000 respectively $28.400 and $56,800 respectively