Orion Flour Mills purchased new equipment and made the following expenditures:

Purchase price $ $75,000$

Sales tax $6,000$

Shipment of equipment $1,000$

Insurance on the equipment for the first year $700$

Installation of equipment $2,000$

Required:

Record the expenditures. All expenditures were paid in cash. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$