QUESTION 7 2 points Save Answe Sparrow Company purchased equipment and these costs were incurred: * Cash price $40,000 * Sales taxes 2,600 * Testing and installation 500 * Insurance covering the asset for two years 500 Freight costs 250 Insurance during transit 50 Sparrow should record the acquisition cost of the equipment as: $43,400 $43,900 $43,850 $43,150 $43,600 Click Save and Submit to save and submit. Click Save All Ansters to see all answers, Save and Submit