Anchor Company purchased a manufacturing machine with a list price of $81,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and transportation costs amounted to $1,400. Anchor paid $1,800 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $2,200 for the first year of operations. What is the cost of the machine? Multiple Choice SB2.580 580 579 380 S8