January 2019. Cordova Company entered into a contract to acquire a new machine for its factory. The machine, which has a cash price of $280,000, was paid tor as follows Required: 1. Determine the cost of the machine. What principle gubles the cetermination of the cost of the machine? 2. Prepare the joumal entry to record the acquisition of the machine. 3. Next Level How would your answer change, if af all, if the $280,000 cash price were nof avallable