Rains Company Purchased Equipment on January 1 at a List

Multiple Choice

Rains Company purchased equipment on January 1 at a list price of $125,000, with credit terms 2/10, n/30.Payment was made within the discount period.Rains paid $6,250 sales tax on the equipment and paid installation charges of $2,200.Prior to installation, Rains paid $5,000 to pour a concrete slab on which to place the equipment.What is the total cost of the new equipment?

A) $131,250
B) $135,950
C) $138,450
D) $126,250