Jing Company was started on January 1, Year 1 when it issued common stock for $37,000 cash. Also, on January 1, Year 1 the company purchased office equipment that cost $16,100 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,200. The equipment had a five-year useful life and a $5,900 expected salvage value, Using double-declining-balance depreciation, what the amount of depreciation expense and the amount of accumulated depreciation, respectively, that would appear on the December 31, Year 3 financial statements? Multiple Choice $3,629 and 520.329 $6,048 and $16528 o 50 and $15.700 5688 and 512.400