Nash Co. both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year 2025: Purchase Cost to hire technicians to test equipment Cash paid for equipment, including sales tax of $31,620 Freight and insurance cost while in transit Cost of moving equipment into place at factory Special electrical wiring required for new equipment $10,200 532,950 7,140 2,907 3,264 Repair cost incurred in first year of operations related to this equipment Insurance premium paid during first year of operation on this equipment 510 1,530 Construction Cost of installing equipment $6,630 Material and purchased parts (gross cost $102,000; failed to take 2% cash discount) 102,000 Labor costs 78,234 Allocated overhead costs (fixed-$11,220; variable-$17,340) 28,560 Imputed interest on funds used during construction (stock financing) 7,650 Profit on self-construction 53,652