Metiock Ltd. purchased, for cash, factory equipment with an invoice price of $84,000. Other costs incurred were freight costs, $2,000; installation, wiring and foundation, $13,900, materfat and labour costs intesting equipment, $900; oil lubricants and supplies to be used while operating the equipment, $1,150; and fire insurance policy covering equipment, $1,800. The equipment is estimated to have a $14,000 residual value at the end of its eight-year useful service life. (a) Calculate the cost of the equipment: Cost of the equipment 5 eTextbook and Media List of Accounts Attempts: unlimited