Exercise 10-1 Cost of plant assets LO C1 Rizio Co. purchases a machine for $11,300, terms ino, n60, FOB shipping point The seller prepaid the $255 freight charges. The machine requires special steel mounting and power connections costing $781. Another $368 is paid to assemble the machine and get it into operation In moving the machine to its steel mounting, $235 in damages occurred. Materials costing $40 are used in adjusting the machine to produce a satisfactory product The adjustments are normal for this machine and are not the result of the damages. Compiete the below table to caiculate the cost recorded tor this machine.(Rizio pays for this machine within the cash discount period.) Amount Inckuded in Cost of Equipment: Invoice price of machine Net purchase price Total cost to be recorded