Sandhill Chemicals Company acquires a delivery truck at a cost of $37,000 on January 1, 2022. The truck is expected to have a salvage value of $3,500 at the end of its 5-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method.

		First Year		Second Year
Annual depreciation under declining-balance method		$Enter a dollar amount		$Enter a dollar amount