Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables $59,920 11,800 47,000 237,000 24,280 97,000 26,500 Granite Company purchased a machine costing $140,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $4,000. The machine requires special mounting and wiring connections costing $12,000. When installing the machine, $3,500 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period