Parker Company purchased an asset costing $46,000 on January 1, Year 1. The asset had an expected five year life and a $9,000 salvage value. Based on this information, the amount of depreciation expense and accumulated depreciation appearing on the Year 2 financial statements would be (assume straight-line depreciation): Multiple Choice O 57400 and $7,400, respectively. 57,400 and $14,800, respectively. OOO $9.200 and $31200, respectively. 59.200 and $14,800, respectively