Kansas Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $6,750 at the end of ten years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: Multiple Choice $6,525 and 552,200 57,200 and 557600 $2200 and $50850 $6,525 and 558.950