Carla Vista Enterprises purchased equipment on March $15,2024,$ for $$71,150.$ The company also paid the following amounts: $$550$

for freight charges; $$204$ for insurance while the equipment was in transit; $$1,891$ for a one$-$year insurance policy; $$1,959$ to train

employees to use the new equipment; and $$2,776$ for testing and installation. The company began to use the equipment on April $1.$

Carla Vista has estimated the equipment will have a $10-$year useful life with no residual value. It expects to consume the equipment's

future economic benefits evenly over the useful life. The company has a December $31$ year end.

$($a$)$

Calculate the cost of the equipment.

Cost of the equipment