Multiple Choice Question 70 Sandhill Co. purchased equipment and these costs were incurred: Cash price $94000 Sales taxes 2500 Insurance during transit 560 Installation and testing 1200 Total costs $98260 What amount should be recorded as the cost of the equipment? O $96500. $97060 $98260. O$94000 Open Show Work Click if you would like to Show Work for this question: Question Attempts: 0 of 1 used