Option #2: Acquisition Costs. Equipment Acme Boxplant purchased new equipment for their box plant. One item was a die cut machine and the other, a corrugator. Both machines are used to manufacture boxes. The die cut machine costs $900,000, and the corrugator costs $1.5 million. Acme purchased the equipment, including the sales tax, on account, with amounts due in 45 days. Additional costs were paid in cash Die Cut Machine Sales tax Freight charges $54,000 55,000 8,500 75,000 Insurance Installation of the die cut Corrugator Sales tax Freight charges Insurance Installation of the corrugator Personnel training costs to run machine Trial Runs $90,000 55,000 8,500 75,000 50,000 10,000 Question 3 Journal Entries Name of Account 0 Name of Account Name of Account 0 0 Name of Account 0 Name of Account Name of Account 0 C)