Ayana Flooring Company recently purchased a new tile-cutting machine with an invoice price of $213,500. The cost of delivery was $3,000 and installation amounted to S4,000. To test the machine, Ayana cut 70 tiles that cost $4.10 each. The testing process lasted 4 hours and involved five employees who eam $35 per hour. Management removed the employees from their regular production shifts to engage in the testing. The company held training sessions costing $4,000 for all employees after installing the machine. Requirements uisition. cquisition is $ a. Determine the cost of the machine and any expenses incurred during the b. Prepare the journal entries necessary to record the amount of costs capitalized and the costs charged to expenserelated to the acquisition. Assume that all expenditures were made in cash