On January 1. 2014, Ruby Company purchased a piece of equipment with a list price of $60,000. The following amounts were related to the equipment purchase: Terms of the purchase were 2/10, net 30. Ruby paid for the purchase on January 8. Freight costs of $1,000 were incurred. A state agency required that a pollution control device be installed on the equipment at a cost of $2, S00. Duong retaliation, the equipment was damaged and repair costs of $4,000 were incurred. Architect's fees of $6,000 were pawl to redesign the work space to accommodate the new equipment. Ruby purchased bawdry insurance to cover possible damage to the asset. The three year pokey cost $8,000. Ruby financed the purchase with a bank loon. Interest of $3,000 was paid on the loan during 2014. Determine the acquisition cost of the equipment