Edmonton Ice Rink purchased a Zamboni ice-resurfacing machine for $21,000, terms 2/10,n/60, FOB shipping point. Edmonton Ice recelved a freight invoice from On-time Delivery for $380. Edmonton Ice took advantage of the discount. The Zambonl required a special steel mounting and power connections costing $915, and another $555 was paid to paint the home team colours on the Zambonl and get it into operation. In moving the Zamboni onto its steel mounting, it was banged and damoged. The repairs cost \$310. Also, $240 of labour costs were incurred in calibrating (adjusting) the machine so that it would be at the rlght height on the ice. These adjustments were normal and were not a result of the damage. Special insurance was needed for the new ice clearing machine, which will cost $200 per month for the next year. Prepare a calculation to show the cost of this machine for accounting purposes. (Negative answer should be indicated by a minus sign.)