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 FOB 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: O $86,680 O $84,280. O $94180. O $89,980