Granite Company purchased a machine costing $138,000, terms 1/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,800. The machine requires special mounting and wiring connections costing $11,800. When installing the machine, $3,300 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.

Multiple Choice

• $160,000.

• $152,420.

• $152,220.

• $158,620.

• $151,720.