Holland Flour Mills purchased new equipment and made the following expenditures:

Purchase price $ $68,000$

Sales tax $5,650$

Shipment of equipment $930$

Insurance on the equipment for the first year $630$

Installation of equipment $1,860$

Required:

Record the expenditures. All expenditures were paid in cash. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$