On January 1 of this vear. Shannon Company completed the following transactions (assume a 10% annual interest rate): a. Bought a delivery truck and agreed to pay $61,500 at the end of three years. b. Rented an office building and was given the option of paying $11,500 at the end of each of the next three years or paying $29,500 immediately. c. Established a savings account by depositing a single amount that will increase to $93,000 at the end of seven years. d. Decided to deposit a single sum in the bank that will provide 10 equal annual year-end payments of $41,500 to a retired employee (payments starting December 31 of this year). Required: What is the cost of the truck that should be recorded at the time of purchase?