Mobley Company purchased an asset with a list price of $40, 500. Mobley received a 1% cash discount. The asset was delivered under terms FOB shipping point, and freight costs amounted to $405. Mobley paid $1.620 to have the asset installed. Insurance costs to protect the asset from fire and theft amounted to $440 for the first year of operations. Based on this information, the cost recorded in the asset account would be $42.560. $42120. $41.715 $40.500