The Patty Company purchased a piece of office equipment to be used in operations. The following expenditures and other data relate to the equipment:

Invoice price excluding sales tax

$12,000

Sales tax

600

Delivery charges

200

Installation costs

300

Cost of a special platform

400

Cost of supplies used in testing

80

Insurance premium for first year of use

60

The total acquisition cost of this piece of equipment is:

  1. $13,640.
  2. $13,580.
  3. $13,100.
  4. $12,700.