Anchor Company purchased a manufacturing machine with a list price of $86,000 and receive 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 thet 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 d a 2% cash discount on the purchase. The machine was Multiple Choice $86,680 $89,980 $34.280 94,180