This Question: 1 pt 12 of 43 (25 complete) This Test: 43 pts possib Monet Designs purchased office fixtures on January 1 The cost was $12,000, and the fixtures had a residual value of $5,000. The fxtures were given a useful life of 8 years. After the end of three years, it was determined that the fixtures would be obsolete in 2 more years and their residual value would still be $5,000. What will be the depreciation under the straight- line method to the nearest dollar be for the fourth year? (Round your final answer to the nearest dollar) OA. $2.188 OB. $875 O C $1,500 D. S2625 This This Question: 1 pt 14 of 43 (25 complete) The entry to record Shaman, Inc. selling 1.100 shares of $5 par common stock at $8 per share would be to: O A. debit Cash $8,800 credit Common Stock $8,800 O B. debit Cash $8,800; debit Paid-In Capital in Excess of Par Common $3.300 credit Common Stock $12,100 O C. debit Cash $8,800 credit Common Stock $5.500 credit Paid-In Capital in Excess of Par-Common Stock $3,300 O D. debit Cash $5.500: credit Common Stock $5,.500