Sheridan Retail Company purchased equipment on January 1 at a list price of $135000, with credit terms 4/10, n/30. Payment was made within the discount period. Sheridan paid $5750 sales tax on the equipment and paid installation charges of $1500. Prior to installation, Sheridan paid $5600 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? O $140750. O $147850. O $135150. O $142450.

Sheridan Retail Company purchased equipment on January 1 at a list price of $135000, with credit terms 4/10,n/30. Payment was made within the discount period. Sheridan paid $5750 sales tax on the equipment and paid installation charges of $1500. Prior to installation, Sheridan paid $600 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? $140750 $147850. $135150. $142450