ABC Company recently purchased a truck. The price negotiated with the dealer was $40,000.ABC Company also paid sales tax of $2,000 on the purchase, shipping and preparation costs of $3,000, and annual insurance for the first year of operation of $4,000. At what amount should the truck be recorded on the balance sheet as gross PPE prior to recording depreciation expense? $45,000 $42.000 $40,000 $43,000