Oriole Enterprises purchased equipment on March 15, 2021, for $67,890. The company also paid the following amounts: $530 for freight charges; $217 for insurance while the equipment was in transit; $1,674 for a one-year insurance policy; $2,080 to train employees to use the new equipment; and $2,563 for testing and installation. The company began to use the equipment on April 1. Oriole has estimated the equipment will have a 10-year useful life with no residual value. It expects to consume the equipment's future economic benefits evenly over the useful life. The company has a December 31 year end. (a) Calculate the cost of the equipment. Cost of the equipment $