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Pina Colada Corp. purchased a delivery van with a $55000 list price. The company was given a $4200 cash discount by the dealer and paid $3100 sales tax. Annual insurance on the van is $1200. As a result of the purchase, by how much will Pina Colada Corp. increase its van account?
$53800.
$55000.
$50800.
$53900.
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