Kansas Enterprises purchased equipment for $72,000 on January 1,2024 . The equipment is expected to have a ten-year service life, with a residual value of $6,600 at the end of ten years. Using the double-declining balance method, depreciation expense for 2024 would be: (Do not round your intermediate calculations) $7,200. $14,400. $7,800. $13,080. QUESTION 13 Clothing Emporium was organized on January 1, 2024. The firm was authorized to issue 200,000 shares of $8 par value common stock. During 2024 , Clothing Emporium had the following transactions relating to stockholders' equity: 1.Issued 60,000 shares of common stock at $10 per share 2.Issued 40,000 shares of common stock at $11 per share 3.Reported a net income of $200,000 4.Paid dividends of $100,000 What is total paid-in capital at the end of 2024? $1,140,000$1,040,000$940,000$1,240,000