Loredo Company purchases an oil tanker depot on January 1, 2021. Cost was $1,200,000. After a useful life of 20 years, Laredo must fully dismantle the depot, removing all tanks. Cost estimate is $80,000. Present Value is $25,000 (at 6%). Straight-line depreciation is used. Assume no salvage value, For 2021, Depreciation Expense and Interest Expense (respectively) are Select one: a. $64,000, $1,500 b. $61,250, $1,500 c. $61,250, $4,800 d. $64,000, $4,800 e. $64,000, $4,000