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Granite Company purchased a machine costing $120,000, terms 1/10, 1/30 The machine was shipped FOB shipping point and freight charges were $2,000. The machine requires

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Granite Company purchased a machine costing $120,000, terms 1/10, 1/30 The machine was shipped FOB shipping point and freight charges were $2,000. The machine requires special mounting and wiring connections costing $10,000. When installing the machine. $1,500 in damages occurred Compute the cost recorded for this machine assuming Granite paid within the discount period Multiple Choice $134,800 sto s. 13

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