Blossom Enterprises purchased equipment on March 15, 2025, for \$76,720. The company also paid the following amounts: $510 for freight charges, $270 for insurance while the equipment was in transit, $1,836 for a one-year insurance policy. $2,142 to train employees on fiow to use the new equipment, and $2,900 for equipment testing and installation. The company began to use the equipment on April 1. Blossom has estimated the equipment will have a 10-year useful life with no salvage value. It expects to consume the equipment's economic benefits evenly over its useful life. The company has a December 31 year-end. (a) Calculate the cost of the equipment. Cost of the equipment