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14 Anchor Company purchased a manufacturing machine with a list price of $98,000 and received a 2% cash discount on the purchase. The machine was

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14 Anchor Company purchased a manufacturing machine with a list price of $98,000 and received a 2% cash discount on the purchase. The machine was delivered under torms FOB shipping point, and transportation costs amounted to 54,800 Anchor paid $6,900 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $9.000 for the first year of operations. What is the cost of the machine? Multiple Choice $100.11.40 516,740 S96.040 0 $102,740 D

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