Sheffield Corp. purchased factory equipment with an invoice price of $79,200. Other costs incurred were freight costs, $1,210; installation wiring and foundation, $2,260; material and labor costs in testing equipment, $900; oil lubricants and supplies to be used with equipment, $670; fire insurance policy covering equipment, $1,870. The equipment is estimated to have a $5,000 salvage value at the end of its 8-year useful service life. Compute the acquisition eost of the equipment. Acquisition cost of the equipment