Kansas Enterprises purchased equipment for $78,000 on January 1, 2021. The equipment is expected to have a five-year life, with a residual value of $7,650 at the end of five years. Using the double-declining balance method, the book value at December 31, 2022, would be: (Do not round your intermediate calculations) Multiple Choice $28,080. 0 $42,160. 0 $15,600. 0 $44,560