On August 1, Daisy's Groomers purchased new grooming equipment for $48,000 plus 8% sales tax. The equipment was advertised for $52,000. Other costs associated with the grooming equipment were training for use of new equipment, $800; delivery cost of $225, installation cost, $1,100; and hiring of a new groomer, $1,000/month. At what amount will the grooming equipment be recorded on a balance sheet? 1 Multiple Choice O $53,965 0 $53165 0 O $54,095 0 $55,085 0