Sheffield Company purchased equipment and incurred these costs: Cash price Sales taxes Insurance during transit Annual maintenance costs Total costs $24500 O $24500 O $26575 O $26035 O $25725 1225 310 540 $26575 What amount should be recorded as the cost of the equipment?

Sheffield Company purchased equipment and incurred these costs: What amount should be recorded as the cost of the equipment? $24500$26575$26035$25725