Sunland Enterprises purchased equipment on March 15, 2024, for $76,110. The company also paid the following amounts: $540 for freight charges; $196 for insurance while the equipment was in transit; $1,673 for a one-year insurance policy; $1,937 to train employees to use the new equipment; and $2,914 for testing and installation. The company began to use the equipment on April 1. Sunland has estimated the equipment will have a 10-year useful life with no residual value. It expects to consume the equipment's future economic benefits evenly over the useful life. The company has a December 31 year end. (a) Calculate the cost of the equipment. Cost of the equipment $