Assume that computer equipment is purchased on August 15, 2024, for $14500 cash and a $56500 note payable. Related cash expenditures include insurance during shipping, $890; the annual insurance policy, $1170; and installation and testing, $1640. Which of the following is the correct entry to record these expenditures? Equipment Cash 71000 14500 Notes Payable 56500 Equipment 74700 Prepaid Insurance 1170 Cash 19370 Notes Payable 56500 Equipment 71890 Prepaid Insurance 1170 Cash 16560 Notes Payable 56500 Equipment 73530 Prepaid Insurance 1170 Cash 18200 Notes Payable 56500