Exercise 8-1 Cost of plant assets LO C1 points Rizio Co purchases a machine for $10,500, terms 1/10, 1/60, FOB shipping point. Rizio paid within the discount period and took the $105 discount. Transportation costs of $237 were paid by Rizio. The machine required mounting and power connections costing $726. Another $342 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $245 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 Total cost to be recorded