On 1 March 2018 Yucca acquired a machine from PPL under the following terms: Yucca was granted a trade discount of 10% on the initial list price of the asset and a settlement discount of 5% if payment for the machine was received within one month of purchase. Yucca paid for the machine on 25 March 2018. . . List price of machine: $82,000 Import duty: $1,500 Delivery fees: $2,050 Installation costs: $9,500 Pre-production testing: $4,900 Purchase of a five-year maintenance contract with Plant X: $7,000 How much can be capitalized at 1 March 2018 with respect to this machine? What will be the journal entry on 1 March 2018