Parker Company purchased an asset costing $49,000 on January 1, Year 1. The asset had an expected five year life and a $8,000 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):

$9,800 and $32,600, respectively.

$8,200 and $8,200, respectively.

$8,200 and $16,400, respectively.

$9,800 and $16,400, respectively.