$28?$On March $1,$ Bartholomew Company purchased a new stamping machine

with a list price of $$70,000.$ The company paid cash for the

machine; therefore, it was allowed a $5\%$ discount. Other costs

associated with the machine were: transportation costs, $$1,300$;

sales tax paid, $$3,120$; installation costs, $$1,000$; routine

maintenance during the first month of operation, $$1,200.$ The cost

recorded for the machine was:$$