Coulter Company purchases a piece of equipment on February 1, 2020 for $90,000. In addition to the purchase price, the company makes the following expenditures: freight $3.400Installation, $1,650: testing prior to use, $800: property taxes on the equipment for the first year $1.200. sale tax on the purchase $2,000, and prepayment of the first year of insurance on the equipment, $1,400. What amount should Coulter Company debit the equipment account for on the date of purchase