E6.3 ABC Designs, Inc purchased equipment with a list price of $60,000 on June 1, 20X9. ABC Designs, Inc. qualified for a 3% discount off the list price. ABC Designs, Inc. paid $28,200 down to the seller and signed a 3 month note payable at a 4% annual rate due to the vendor, with interest of $100 due to the vendor at the end of each of the next three months and the note principal of $30,000 due on September 1, 20X9. In addition, the ABC Designs, Inc. paid the following costs in cash: sales tax on the equipment purchase of $3,492, equipment delivery costs of $308, and installation labor and material costs of $2,000. When the equipment was delivered, it fell off the delivery truck and cost the ABC Designs, Inc. an added $400 for repairs. a) At what total cost will the equipment be recorded? b) Prepare the entry on June 1, 20x9, to record the purchase