Anchor Company purchased a manufacturing machine with a list price of $83,000 and received a 2% cash discount on the purchase. The machine was delivered under terms free on board (FOB) shipping point, and transportation costs amounted to $1,800. Anchor paid $2,400 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $3,000 for the first year of operations. What is the cost of the machine? Multiple Choice $88,540 $83,140 $81,340 $85,540