Kansas Enterprises purchased equipment for $78,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual value of $6,900 at the end of five years. Using the straight-line method, depreciation expense for 2019 and the book value at December 31, 2019 would be: Multiple Choice $15,600 and $46,800 O $15.500 and $39,900 S14.220 and $49.560 O $14,220 and $42650