Blossom Company purchased equipment on account on September 3, 2022, at an invoice price of $202,000. On September 4, 2022, it paid $5,500 for delivery of the equipment. A one-year, $2,005 insurance policy on the equipment was purchased on September 6 , 2022. On September 20,2022, Blossom paid $2,500 for installation and testing of the equipment. The equipment was ready for use on October 1,2022 Blossom estimates that the equipment's useful life will be four years, with a residual value of $17,000. It also estimates that, in terms of activity, the equipment's useful life will be 77,200 units. Blossom has a September 30 fiscal year end. Assume that actual usage is as follows: Determine the cost of the equipment. Cost of equipment $ eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above