Fine Company purchased a heavy machine to be used in its factory for $720,000, less a 2% cash discount. The company paid a fine of $3,600 because an employee hauled the machine over city streets without securing the required permits. The machine was installed at a cost of $21.600, and testing costs of $7,200 were incurred to place the machine in operation. Prepare a schedule showing the recorded cost of the machine. 856