Brief Exercise 7-2 Determine the initial cost of equipment (L07-1) Whole Grain Bakery purchases an industrial bread machine for $25,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,550, installation, $3,100, testing, $1,050; and property tax on the machine for the first year. $510. What is the initial cost of the bread machine? Total cost of the bread machine s