! Required information [The following information applies to the questions displayed below.] Jing Company was started on January 1, 2016 when it issued common stock for $36,000 cash. Also, on January 1, 2016 the company purchased office equipment that cost $16,000 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,100. The equipment had a five-year useful life and a $5,800 expected salvage value. Using double-declining balance depreciation, determine the amount of depreciation expense and the amount of accumulated depreciation that would appear on the December 31, 2018 financial statements