Yockey Company purchased a delivery truck. The total cash payment was $27,820 including the following items.
Negotiated purchase price ......... $24,000
Installation of special shelving ........ 1,100
Painting and lettering .......... 780
Motor vehicle license .......... 140
Annual insurance policy ......... 500
Sales tax ............... 1,300
Total paid ............... $27,820
Explain how each of these costs would be accounted for.