The Bay View Restaurant has purchased a new dishwasher for its own use.

REQUIRED

Using the following information, determine the proper amount to be capitalized in the asset account Equipment.

Invoice price of equipment		$ 8,000.00
Cash discount allowed: 2% of invoice		$ 160.00
Freight-in paid		$ 300.00
Speeding ticket given to our truck driver while delivering the equipment		$ 25.00
Installation costs		$ 150.00
Sales Tax on purchase		$ 308.00
Repair of damages due to equipment being dropped off truck		$ 200.00