On January 1, 2019, Woodstock, Inc. purchased a machine costing $41,400. Woodstock also paid $1,700 for transportation and installation. The expected useful life of the machine is 4 years and the residual value is $5,700. If Woodstock uses the straight-line depreciation method, which of the following statements is incorrect? Multiple Choice The December 31, 2020 book value is $18.700. The December 31, 2021 accumulated depreciation balance is $28,050. The December 31, 2019 book value is $33,750. Multiple Choice The December 31, 2020 book value is $18.700. The December 31, 2021 accumulated depreciation balance is $28,050. O The December 31, 2019 book value is $33,750. . The annual depreciation expense is $9,350