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.)