please help me answer this! give correct answer with detail process kudos!

. Zara Corp purchased equipment to produce their shoes. They paid $400,000 with a discount of 20%. It paid $10,000 to have their company logo imprinted on the equipment also paid $5,000 to have it painted. They also paid $8,000 ($4,000 per year) for the property and liability insurance for the first two years of operation since they received a discount by paying two years up front. What amount should they report on their Balance Sheet