Question 1 0.63 pts AU.S.company had the following associated with the purchase of a piece of equipment from Japan that it will use to manufacture the firm's widgets Purchase price of Equipment Shipping cost from Japan to USA Cost to test the new equipment Cost to insure the equipment in the second year Cost of expensive brackets to install the equipment $300,000 $ 21,000 $ 27,000 $ 3,000 $ 10,000 What amount should be recorded for the purchase of the land? $321,000 O $348,000 O $351.000 O $361,000 O None of the above