Question 8 (1 point) Paper Co. paid $30,000 for a new printing press. In addition, they paid installation costs of $1,000. Before the printing press could be put into production it had to undergo testing and alignment procedures at a cost of $1,000. To pay for the press, the company signed a 1-year note which required interest payments of $1,000. The cost added to the Equipment account is: $30,000 $31,000 $32,000 $33,000