Exercise 8-1 Cost of plant assets LO C1 Rizio Co. purchases a machine for $10.100, terms 1/10, 1/60, FOB shipping point. Rizio pald within the discount period and took the $101 discount. Transportation costs of $228 were paid by Rizlo. The machine required mounting and power connections costing $698 Another $329 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $280 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