Wilco Inc. purchases a piece of equipment on November 1 by paying $10,000 cash, signing a 2-year note payable for $10,000, and by giving 2,000 shares of $1 par value common stock that traded for $10 per share on November 1 . Assuming the equipment needs nothing additional to prepare it for use and that no taxes are paid on the sale, what is the amount Wilco should record for the equipment on their balance sheet. $21,000 $30,000 Some other answer $10,000 $40,000