Anchor Company purchased a manufacturing machine with a list price of $97,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and transportation costs amounted to $4,600. 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. What is the cost of the machine?