Sonjay Motors recently purchased a new sign to be erected in front of its dealership. The sign company that produced the sign had a standard price for this item at \($25\),000, but Sonjay was able to negotiate a 20% discount from standard. In addition, the sign company paid \($1\),200 of freight costs to deliver the sign to Sonjay.

Sonjay hired an electrician for \($1\),300 to wire the new sign's lighting. In addition, Sonjay rented a crane for \($800\) and paid an installation crew \($1\),600 to erect the sign.

The city required Sonjay to pay a one-time sign inspection fee of \($500\). Furthermore, Sonjay had to obtain an annual permit at a cost of \($50\) for the first year. During installation, the crew accidentally damaged an adjoining neighbor's landscaping, and Sonjay paid \($750\) to clean and repair those problems.

Determine the correct cost allocation to the sign, and prepare a journal entry to reflect the total expenditures related to this acquisition.