7: (6 marks 10 minutes): A car dealership acquires a used car for $10,030. Additional costs for the sale include $250 for insurance during shipping, provincial licensing costs $90 and $120 for import duties. The terms of purchase were FOB shipping point, and the cost of transporting the goods was $350. Other related costs included sales salaries of $1,000 and $100 in advertising. Required: Calculate the cost assigned to the used car? Show clearly all details of your calculations