On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,600. Woodstock also paid $1,300 for transportation and installation. The expected useful life of the machine is 6 years and the residual value is $5,300. If Woodstock uses the straight-line depreciation method, which of the following statements is incorrect? Multiple Choice The annual depreciation expense is $6.100 The December 31, 2019 book value is $35,800 The December 31, 2020 book value is $24,400 The December 31, 2021 accumulated depreciation balance is $18,300