A printing press was purchased for $100,000, with credit terms of 2/10, n/30. Freight charges were $2,000, installation charges were $1,000, and insurance while in transit was $150. Paper valued at $200 was used to check font sizes, alignment, and print quality of the new printing press. An electrician charged $1,200 to make the proper electrical connections to the press. What is the total recorded cost of the printing press, assuming the invoice was paid within the discount period?

		$98,000
		$102,250
		$102,550
		$101,050