Sutton Fabricators purchased 50 executive desks for $3,500. Delivery costs totaled $98 and handling costs were $59. The salvage value is $375 after 5 years. Using the double-declining-balance method, calculate the book value at the end of year 2. (Round the declining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent) $877.68 O $2,340.48 $1,316.52 O $789.91 12