On January $1,2020,$ Chicago Furniture purchases a new delivery truck. The company pays $$80,000$ for the truck, sales taxes of $$4,500,$ and delivery costs of $$2,300.$ Chicago Furniture pays a local vendor $$4,800$ to paint the company's name and logo on the side of the truck. The company also pays $$16,000$ for an annual insurance policy and $$1,700$ for a motor vehicle license. At what amount will Chicago Furniture record the truck on its statement of financial position at January $1,2020?$

Select one:

a$.$ $$80,000$

b$.$ $$109,300$

c$.$ $$91,600$

d$.$ $$87,100$