Mitchell Corporation bought equipment on January 1, 2022. The equipment cost $120,000 and had an expected salvage value of $20,000. The life of the equipment was estimated to be 6 years. Straight-line depreciation was used. Accumulated Depreciation at the end of the third year would be: Select one: a. $60,000 b. $40,000 c. $86,667 d. $70,000 e. $50,000 On September 30,2021 , the Nehra Company pays $9,000 cash for rent through 2/28/22. The 2021 Rent Expense is: Select one: a. $4,500 b. $5,400 c. $1,800 d. $3,000 e. $3,600