DO IT! 9.1 (LO1) Lofton Company purchased a delivery truck. The total cash payment was $27.900. including the following items. Explain de assets. Negotiated purchase price $24,000 Installation of special shelving 1.100 mg o od Painting and lettering on yo 900din and Motor vehicle license boridob 100 Annual insurance policy of a boon 500 bilan Sales tax bota-1,300 tono Total paid $27,900 modo volbom bun logicas Explain how each of these costs would be accounted for. b