5pts Gengler Company acquired three pieces of equipment in a single purchase. Equipment #1 is appraised at $400,000, equipment #2 is appraised at $300,000 and equipment #3 is appraised at $500,000. Gengler recorded equipment #2 on their books at the time of purchase at $237.500. What was the total purchase price of all three pieces of equipment? $950,000 O $1.137.500 O $300,000 O $1,200,000. None of the above