Jing Company was started on January 1, Year 1 when it issued common stock for $34,000 cash. Also, on January 1, Year 1 the company purchased office equipment that cost $15,800 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $1,900. The equipment had a five- year useful life and a $5,600 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 0 $772 and $12,100. $5,616 and $14,976. $3,370 and $18,770. $0 and $15,400