Engler Company purchases a new delivery truck for $55,000. The sales taxes are $4,000. The logo of the company is painted on the side of the truck for $1,600. The truck license is $160. The truck undergoes safety testing for $290. What does Engler record as the cost of the new truck? Select one: a. $61,050 b. $59,000 c. $60,600 d. $60,890 Next page Autotether, Inc. sells 1,200 units of a product that has a one-year warranty on parts. The average cost of honoring one warranty contract is $60. During the year 60 contracts are honored at a cost of $3,600. It is estimated that 120 contracts will be honored in the following year. The adjusting entry at the end of the current year will include a