Let A(2,−1) and B(−1,3) be two fixed points. A variable point C(k,4) lies on the horizontal line y=4, and another variable point D(5,k) lies on the vertical line x=5, where k is a real parameter. Triangles △ABC and △ABD are formed.
(i) Obtain expressions for the areas of △ABC and △ABD in terms of k.
(ii) Find all value(s) of k for which the two triangles have equal area.
(iii) Determine the ratio area(△ABC):area(△ABD) when k=7.