Watauga Company purchased equipment on July 1, 2017 for $70,000. Sales tax on the purchase was $700. Other costs incurred were freight charges of $800, insurance during shipping of $ 150, repairs of $1,300 for damage during installation, and installation costs of $1,050. What is the cost of the equipment? O $71,500 O $72,700 $74.000 O $70,000 R V 1 M Qu Mu Qu