Cost of Plant Assets Nike purchases a machine for $12,500, terms 2/10, 60, FOB shipping point, Nike paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Nike. The machine required mounting and power connections costing $895. Another $475 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made. Calculated the total cost to be recorded. (Show all your working/calculations)