Anchor Company purchased a manufacturing machine with a list price of $100,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and transportation costs amounted to $5,200, Anchor paid $7.500 to have the machine Installed and tested. Insurance costs to protect the asset from fire and theft amounted to $9,800 for the first year of operations. What of the machine? the cost Multiple Choice $110.700 $98,000 $103.200 $120,500