Kansas Enterprises purchased equipment for $79,500 on January 1, 2018. The equipment is expected to have a ten-year life, with a residual value of $7,350 at the end of ten years. Using the straight-line method, depreciation expense for 2019 and the book value at December 31, 2019 would be:

$7,950 and $63,600.

$7,215 and $65,070.

$7,950 and $56,250.

$7,215 and $57,720.