Anchor Company purchased a manufacturing machine with a first price of $97.000 and received 82% cash discount on the purchase. The machine was delivered under torms Free On Board shipping point and freight costs amounted to $4600 Anchor paid $6.600 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $8.600 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be Mile Choice $106260 395.00 599660 O STICO Search or type URL 1 $ 4 2 %6 5 3