Mobley Company purchased an asset with a list price of $35,000 and received a 2% cash discount on the purchase. The asset was delivered under terms FOB shipping point, and freight costs amounted to $700. Mobley paid $800 to have the asset installed. Insurance costs to protect the asset from fire and theft amounted to $400 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be:

A. $36,500. B. $36,900. C. $35,000. D. $35,800.