Orion Flour Mills purchased a new machine and made the following expenditures:

Purchase price	$71,000
Sales tax	5,800
Shipment of machine	960
Insurance on the machine for the first year	660
Installation of machine	1,920

The machine, including sales tax, was purchased on account, with payment due in 30 days. The other expenditures listed above were paid in cash.

Required:

Record the above expenditures for the new machine. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)