Exercise 8-1 (Algo) Cost of plant assets LO C1 Rizio Company purchases a machine for $13,700, terms 1//10,n//60, FOB shipping point. Rizio paid within the discount period and took the $137 discount. Transportation costs of $310 were paid by Rizio. The machine required mounting and power connections costing $947. Another $447 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $230 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. Amount Included in Cost of Equipment: Invoice price of machine Net purchase price