Production equipment is purchased at the cost of $87,500. In addition, the company paid $2,450 in shipping costs, $1,650 to install the equipment, and a $589.00 insurance cost due to the new equipment. What will be the cost of the equipment on the balance sheet?

Select one:

a.

$91,600

b.

$82,770

c.

$89,739

d.

$80,610

e.

$92,200