Exercise 18-1 Given the following information, calculate the acquisition cost of the new machine purchased by the Union Company: Invoice price $81,300 Cash discount taken 1,600 Freight charges paid 850 Cost of electrical connections installed 940 Unpacking and assembling costs 720 Ventilation system installed to allow machine to operate efficiently 2,180 One year maintenance contract 1,030 Costs of testing and adjusting 880 Damage to machine part during installation 575