On August 1, Red Company purchased computer equipment for $11,500 cash and also gave 100 shares of White common stock that Red Company held as an investment. The White common stock cost Red Company $5,000 and on August 1 had a fair value of $4,575. The installation costs for the computer equipment were $850 and shipping costs were $650. What amount should be the total amount debited to the computer equipment account? Multiple Choice $17,575 $16,500 $16.075. Multiple Choice $17,575 $16.500 $16,075. $18,000