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101. Horner Company buys a delivery van with a list price of $30,000. The dealer grants a 15% reduction in list price and an additional

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101. Horner Company buys a delivery van with a list price of $30,000. The dealer grants a 15% reduction in list price and an additional 2% cash discount on the net price if payment is made in 30 days. Sales taxes amount to $400 and the company paid an extra $300 to have a special horn installed. What should be the recorded cost of the van? a. $24,990. b. $25,645. c. $25,690. d. $25,390

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