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1 Rizio Co. purchases a machine for $10,600, terms 1/10, 1/60, FOB shipping point. Rizio paid within the discount period and took the $106 discount.

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1 Rizio Co. purchases a machine for $10,600, terms 1/10, 1/60, FOB shipping point. Rizio paid within the discount period and took the $106 discount. Transportation costs of $240 were paid by Rizio. The machine required mounting and power connections costing $733. Another $346 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $285 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. 10 points Amount Included in Cost of Equipment: Invoice price of machine Print Net purchase price 0 Total cost to be recorded $ 0

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