Cutter Enterprises purchased equipment for $99,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $5,700. Using the sum-of-the-years'-digits method, depreciation for 2017 and book value at December 31, 2017, would be (Do not round depreciation rate per year): Multiple Choice $26,400 and $39,600. $26,400 and $33,900. O $24,880 and $43,020. O $24.880 and $37,320