On January 1, Year 1, Jing Company purchased office equipment that cost $18,200 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,700. The equipment had a five-year useful life and a $6.700 expected salvage value. Assuming the company uses the double-declining balance depreciation method, what are the amounts of depreciation expense and accumulated depreciation, respectively, that would be reported in the financial statements prepared as of December 31, Your 3? Multiple Choice 50 and $18,700 $6,768 and 518048 $824 and 514200 $4,061 and 522751