A U.S. company had the following associated with the purchase of a piece of equipment from Japan th manufacture the firm's widgets: Purchase price of Equipment $300,000 Shipping cost from Japan to USA Cost to test the new equipment Cost to insure the equipment in the second year Cost of expensive brackets to install the equipment $ 21,000 $27,000 $ 3,000 $ 10,000 What amount should be recorded for the purchase of the land? O $321,000 $348,000 $351,000 $361,000 O None of the above.