Anchor Company purchased a manufacturing machine with a list price of $86,000 and received a 2 cash discount on the purchase. The machine was delivered under terms Free On Board shipping point, and freight costs amounted to $2,400. Anchor paid $3,300 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $4.200 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be Multiple Choice $89,980 $84,280 586,680 $94,180